HOME, LIFE & REAL ESTATE | AUGUST 2026

Higher Interest Rates Don’t Tell the Whole Story

If you’ve followed the housing market over the past few years, you’ve probably heard the same advice, “Wait for interest rates to come down.”

Higher rates certainly affect affordability, but they are only one part of the equation. The best time to buy isn’t determined by interest rates alone—it’s determined by the overall opportunity available to you.

Look at the Bigger Picture

Every real estate market has trade-offs. When rates were at historic lows, buyers enjoyed lower monthly payments but often faced bidding wars, waived inspections, and homes selling well above asking price.

Today’s market is different. While borrowing costs are higher, many buyers are benefiting from:

• More homes to choose from
• Less competition
• Greater negotiating power, including seller concessions or interest rate buy-downs
• More time to make informed decisions

For many buyers, these advantages can help offset higher interest rates.

Every Situation Is Different 

The question to ask oneself isn’t “Should I wait?” Instead the question to ask is,”Does buying now put me in a better position than waiting?”

No one knows where interest rates or home prices will be six months from now. If rates decline, more buyers are likely to return to the market, increasing competition and potentially driving prices higher. Buying today may provide greater selection and negotiating opportunities—and if rates fall later, refinancing may be an option. 

There isn’t one answer for everyone. For some buyers, waiting makes sense. For others, today’s market offers opportunities that may not exist later. That’s why it’s important to look beyond the headlines and evaluate your goals, finances, timeline, and today’s market conditions. 

Focus on making the decision that’s right for your goals.

💡Practical Insight

Five Questions Every Buyer Should Ask

1. Instead of asking: Should I wait for rates to come down? Consider asking: Does buying now fit my long-term plans?
2. Can I comfortably afford the monthly payment?
3. Am I likely to stay in the home for several years?
4. Would less competition improve my chances of finding the right home?
5. If rates decline in the future, would refinancing improve my position?

The answers to these questions often matter more than trying to perfectly time the market.

I’m always happy to be a resource—whether you have a question, need a second opinion, or simply want to talk through your options.

No pressure. Just thoughtful advice.