When mortgage rates were at 3%, people were not getting housing deals.

Here’s why:

• Bidding wars on every decent house.
• $400k homes listed for $440, and sold for $480k.
• Cash offers beating out financed buyers.
• No inspections in order to win (dangerous)

You paid LESS interest but way MORE for the house.

As of today (December 2025), mortgage rates have been hovering in the low 6% range (without points) for a standard 30-year fixed for buyers with good credit. This has been true for months.  This period of relative interest rate stability in the low-sixes follows a sharp increase that pushed rates above 7% about this time last year (Dec 2024).

But buyers keep asking me: “Should I wait for 5% rates?”

Short answer: No.

The consensus from major economic institutions shows a very low likelihood (10–20%) of rates dipping into the low 5% range anytime within the next 12 months.

Those 2020-2021 rates were a short-term COVID related anomaly. Not reality rates.

If you’re really worried about rates, you can refinance rates when they drop. But when you do, you’ll be refinancing a house you bought at a real market price.

Stop waiting for perfect rates. You need that new home today, and while you wait, home prices just keep rising. Perfect rates came with imperfect everything else.

Stop waiting for a perfect past and start building your future today. See what you qualify for right now right on this website or call me directly at (651) 552-3681 for a straightforward, no-obligation conversation about your options.