Mortgage Rates, Market Reality & Why Waiting Can Be a Gamble
This week may have been quiet on the economic front, but the real estate market is still speaking volumes—especially if you’re a buyer. Check out today's rates: Mortgage News Daily
Mortgage rates remain higher than most would like, and many buyers are sitting on the sidelines, waiting for that perfect rate drop before making a move.
And I get it. Waiting can feel like the smart thing to do. But trying to time the market is often a roll of the dice.
The Market Right Now: Quiet, But Full of Opportunity
Right now, we’re in a true buyer’s market in many areas:
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Homes are sitting longer on the market
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Inventory is higher
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Sellers are motivated and willing to negotiate
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We’re seeing price reductions, concessions, and flexibility we haven’t seen in a while
This window gives buyers more leverage, less competition, and real opportunity—before the market shifts again.
What Happens When Rates Drop?
It’s predictable:
When rates finally do shift downward in a meaningful way, buyers flood back into the market—often all at once.
The result?
➡️ Multiple offers
➡️ Higher prices
➡️ Sellers regain the upper hand
In other words, the deal you’re waiting for might vanish as soon as everyone else jumps back in.
My Advice to Buyers Right Now
I continue to educate my clients on this truth: If buying makes sense for your life now—financially, personally, logistically—this is your moment to act from a position of power.
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You can negotiate more
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You may get closing costs covered
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You’ll have more homes to choose from
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And you can always refinance later if/when rates go down
📌 Waiting is a strategy, yes—but it’s a roll of the dice. The smartest move is to base your decision on your situation, not just the rate.
If you’re sorting through your next move, I’m here for the strategy chats. I genuinely love helping people figure out what fits best.
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Debby Eubank
Realtor® | SRES®
CA DRE# 01332306
Jason Mitchell Group
Mortgage Loan Originator
NMLS# 2714794
Mutual of Omaha Mortgage
