I’m going to wait until interest rates come down.”I hear this often, and sometimes waiting absolutely makes sense. Maybe you need to improve your credit, save more money, pay down debt,
Are Mortgage Rates Still the Biggest Obstacle for Buyers?
Dated: May 9 2026
Views: 24
In short—yes, but maybe not in the way people think.
Rates have been hanging in the mid-6% range, and that does affect affordability. Monthly payments are higher than they were a few years ago, and buyers are feeling that.
But here’s where the conversation is shifting.
Instead of waiting for “perfect” rates, many buyers are starting to focus on what payment works for them right now.
There are ways to work with today’s rates, like:
- Adjusting price range
- Exploring rate buydowns
- Looking into Maryland assistance programs
The reality is, waiting for rates to drop doesn’t always mean things get easier. Lower rates can bring more buyers back into the market, which can increase competition and push prices up.
The goal right now isn’t perfection—it’s finding a situation that makes sense for your budget and your long-term plans.
Crystal Heeke
I am a passionate Real Estate Agent with over 25 years of Sales and management experience. I am dedicated to helping people fullfill their dreams by assisting them in finding their perfect homes. ....
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