October 2, 2026
Mortgage rates are well over 7%, but buyers are still securing rates under 7%. Here’s how they’re doing it:
✓ Seller-paid interest rate buy-downs. Many sellers will pay to lower your rate. Homes are sitting on the market a little longer, and many buyers have exited because of high rates. Those buyers don’t know there are options.
✓ Brand-new construction. Some builders have their own lender and offer promotional rates you won’t find on resale homes, sometimes in the 4s and 5s.
✓ Assistance programs. Down payment assistance programs can help you secure a lower interest rate along with help on the down payment.
The headlines say rates are well over 7%, but there are ways to work around that. There are real opportunities right now for buyers who decide to move, you just have to know how to take advantage of them. Do I think right now is the best time to buy? Of course I do!
If you want to buy a house, don’t be scared. There are more options than you think.
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Have questions about down payment assistance or ready to start your home search? Reach out — I’d love to help