Right now, a lot of buyers are sitting in “wait and see” mode. They’re watching mortgage rates hover a little above 6% and thinking, “I’ll buy once they hit the 5s.”
And sure, everyone wants a better rate. But here’s the truth: that 5.99% number might not save you as much as you think.
As Kim Morgan Storey, the Top 1 Real Estate Agent serving Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, and Bonney Lake, I help buyers make confident moves — not wait on headlines.
Tired of guessing what the market will do next?
Call Kim at 206-225-8325 for a free buyer consultation. Let's look at the real numbers for your budget today.
The Savings You’ve Already Gained
Rates peaked above 7% in May, but since then, they’ve steadily declined into the low 6s. That small change equals a big difference in real dollars.
According to Redfin, the typical monthly payment on a $400,000 home is already down nearly $400 since spring.
That means if you buy today, you’re saving hundreds per month compared to buyers earlier this year. Those are real, meaningful savings — and they’re already here.
Want to see how far your budget stretches in today's market? Call Kim for a market analysis. I can show you the best opportunities in Auburn, Sumner, and Puyallup right now.
The Real Math Behind “Waiting for 5.99%”
Let’s put it in perspective.
If rates dip from the low 6s to 5.99%, that change might lower your monthly payment by about $80 on an average-priced home.
Eighty dollars. That’s roughly the cost of one dinner out — not exactly a life-changing difference. But the $400 monthly savings buyers already have? That’s substantial.
So the real question is: is waiting for an extra $80 worth missing out on today’s opportunities?
Why Waiting Could Cost You More
Here’s what many buyers don’t realize — when rates drop, competition rises.
The National Association of Realtors (NAR) reports that if rates reach 6%, 5.5 million more households could afford to buy. Even a fraction of those re-entering the market means more offers, more bidding, and likely, higher prices.
So, while you’re waiting for that small rate drop, you could be missing out on:
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More inventory and choices right now.
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Motivated sellers willing to negotiate.
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Less competition from other buyers.
Do you have a home to sell before you buy? Call Kim for a unique marketing plan for getting your home sold. I can position your home to sell quickly so you can take advantage of the current market sweet spot.
The Bottom Line
Buying now — with rates in the low 6s and more room to negotiate — could save you far more than waiting for that elusive 5.99%.
If you’re ready to take advantage of today’s opportunities in Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, or Bonney Lake, I can help you make a smart, confident move.
Call Kim Morgan Storey today at 206-225-8325. Let’s get you into your new home before the crowds return.
