If you’ve been watching mortgage rates and waiting for the “perfect” time to buy a home, the latest numbers may have you wondering what to do next. As of September 24, 2026, Freddie Mac reported that the average 30-year fixed mortgage rate was 7.03%, up from 6.95% the previous week. Freddie Mac
While higher rates can affect purchasing power, the interest rate is only one piece of the homebuying equation. Today’s market is also giving many buyers something they haven’t had in recent years: more negotiating power.
With more homes available and fewer buyers competing for them, buyers may have opportunities to negotiate the purchase price, closing costs, repairs, or other seller concessions. In August, sellers provided concessions in 44.7% of U.S. home sales tracked by Redfin agents. Redfin
That means waiting solely for mortgage rates to fall may not always produce the best overall deal. A lower rate in the future could bring more buyers back into the market, potentially increasing competition.
Instead, consider looking at the entire financial picture: the home price, monthly payment, available concessions, loan program, and your long-term plans.
At Bluegrey Mortgage, we can help you compare different mortgage scenarios and understand how changes in rates, down payments, seller credits, and loan programs could affect your monthly payment.
Thinking about buying a home in Florida? Contact Bluegrey Mortgage to explore your mortgage options and find out what you may qualify for.
