Heymann Realty

Would you let $80 hold you back from buying a home?

Because that’s about all you’ll save per month if mortgage rates drop from where they’ve been lately to 5.99%. Of course, that’ll give or take a bit based on your price point and the rate your lender quotes you.

Rates have already come down enough to save buyers almost $400 a month compared to what they would have spent on a typical home earlier this spring. So, waiting for that last tiny dip could mean missing your shot.

Because when rates do fall below 6%, mindsets will shift, and more buyers will get back in the market.

That’ll create more competition for you. And it may drive prices high enough to cancel out the savings you’re waiting for.

So, is $80 a month really worth the wait?

Let’s run the numbers for your price point in our market, so you can see exactly what you’re working with. The difference may not be as much as you think.

Big news for homebuyers. Affordability has hit a 2.5-year high.

And here’s why.

Mortgage rates have been trending down and home prices are moderating.

That means the math on buying a home looks a lot better than it did the past couple of years.

If you’ve been waiting for a sign that it’s time to take another look, this is it. The affordability challenge isn’t solved, but it is better.

Let’s see what’s possible now. DM me if you want to see how this changes your buying power.

Your next home doesn’t need to check every box on your wish list. It just needs to check the right ones.

Even though affordability is improving, it’s still tight for many buyers. And the people who are moving right now are realizing one thing can make the process a whole lot easier: a flexible wish list.

Cotality found 70% of buyers ended up compromising on one or more wish list item.
And for those buyers, that simple shift opened up more homes that fit both their needs and their budget.

When’s the last time you took a look at your wish list and sorted it into what's truly a must-have and what's a nice perk?

If you want help or want an expert’s insights on what to prioritize in our local market, DM me.

A little flexibility can open up a lot more opportunity.

Just a reminder.....

October 1st, 2025 called for changes to the Maryland REALTORS® Statewide Forms Library. Check out the snapshot of forms that were revised or went into effect this past fall. Login to Maryland REALTORS® to access the most up-to-date forms!

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