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Waiting for a Rate Below 6 Might Cost You More

Nick Flerlage November 1, 2025

 
Admit it – you’re kind of afraid of today’s mortgage rates, aren’t you?
 
Here’s the bone-chilling truth. The difference between buying a home at today’s typical rate (around 6.2%) and waiting for 5.99% is about $50 a month on a $400,000 loan. That’s not the game-changer many buyers think it is.
 
And with home prices still projected to rise in many markets, waiting for a rate in the 5’s could cost you more in the long run. That’s an eerie situation you don’t want to be in.
 
Because once rates dip below 6%, more buyers will be back in the market, and you could be left in the dark when competition increases, inventory tightens, and negotiating power starts to fade.
 
So, if you’re ready, don’t be scared of today’s rates. Now might actually be the moment to make your move while others are still waiting for “perfect” conditions to appear.

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