09/18/2026
Might be waiting a long timeâŚ.
we may never see 3% Interest Rates againâŚ.
The reality? Rates below 4% have been the exception, not the norm.
Hereâs the part more people arenât thinking about: when rates do eventually drop, every buyer whoâs been sitting on the sidelines jumps in at the same time. More buyers competing for the same homes can mean more competition and potentially higher prices.
Right now, you actually have some advantage buyers havenât had in a while:
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More homes to choose from
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Room to negotiate on price
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Ability to ask for closing cost concessions
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Option to buy down your rate
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Freedom to lock in a home now and refinance later if rates drop
Fun fact: My own parents bought their home in the 1980s at around 12% and they made it work.
Rates are always relative to the time youâre buying.
Buying a new construction or resale home in Palm Beach County, Port St. Lucie or Martin County? DM me.
Iâd be happy to help you navigate the process from home search to closing.
đ´Iâm not a mortgage broker or lender. This post is for educational purposes only and not mortgage or financial advice. For rate quotes specific to your situation, please consult a licensed mortgage professional.