𝗟𝗲𝘁’𝘀 𝘁𝗮𝗹𝗸 𝗮𝗯𝗼𝘂𝘁 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀.
With rates hovering in the mid-6% range, it’s easy to look back at the historic lows of a few years ago and feel discouraged. But perspective is everything. Did you know that a 6% rate is actually right in line with the long-term historical average for a 30-year fixed mortgage?
The frantic "free money" era of 2021 was the anomaly. Today's market is steadier, healthier, and far less volatile. Prices are moderating, and sellers are willing to negotiate again.
Marry the house, date the rate. If you find a home you love today, you can always refinance down the road if rates drop.
Questions about how today's rates affect your purchasing power? Send us a message—we make the numbers easy to understand.