Would You Let $80 a Month Hold You Back from Buying a Home?

I’m seeing a lot of buyers hit pause right now, waiting for rates to dip into the 5s. And while I understand wanting the best possible rate, here’s the honest truth: that small drop may not make the difference you think it will.

The Savings You’ve Already Gained

Rates were over 7% this spring. Since then, they’ve eased into the low 6s — and that shift alone has already lowered the typical payment on a $400,000 home by nearly $400 a month. Those are real savings, and many buyers don’t realize they’ve already been handed a head start.

Why Waiting Could Cost You

Most experts expect rates to stay close to where they are for the next couple of years. Even if we do see a dip into the upper 5s, the difference between today’s rate and 5.99% is only about $80 a month on an average-priced home.

Eighty dollars isn’t worth putting your goals on hold — especially when you’ve already saved far more just from where rates have moved in the last few months.

What Happens When Rates Drop

If rates fall below 6%, more buyers will jump back into the market. That means more competition, tighter inventory, and stronger prices — the exact things many buyers were trying to avoid in the first place.

Right now, you have more options, less pressure, and sellers who are willing to work with you. That’s not something to take lightly.

Bottom Line

You don’t need to wait for the “perfect” rate to move forward. You have an opportunity right now — one that puts you in a strong position if the numbers make sense and you find the home that feels right.

If you’re wondering what this looks like for your budget here in Minnesota, let’s walk through it together. I’m here to help you move with wisdom, not worry, and step into the next season with confidence. #mnrealtor #minnesotarealtor #mnrealty #mnrealestate #ChrissyJHomes

Chrissy J Homes Team