Video
May 16, 2025
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May 16, 2025
Feeling Stuck? Here’s Why Now Might Be the Right Time to Buy
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Rates are sitting just under 7% for a conventional loan. That may not sound low, but it's better than what we saw earlier this year. Even so, many buyers are still scared to act.
And it’s understandable. There’s a lot of noise about inflation, the job market, and rising prices.
But here’s the thing: homeownership has always been a long-term play. Since the 1940s, home values have gone up every decade.
Let’s break it down.
You invest $25,000 in the stock market. A great year might earn you $5,000.
You invest the same $25,000 as a down payment on a $500,000 home. If it goes up just 4%, that’s a $20,000 gain.
That’s the power of leverage.
And there’s more. Sellers are helping cover closing costs and sometimes even buying down your interest rate. That can put thousands of dollars back in your pocket.
When you own, you have options. You can rent out a room, build equity, or refinance later. You don’t get those choices when renting.
This could be the highest payment you’ll ever make, and it could go down if rates drop. But the price you pay now is locked in.
You don’t have to figure it out alone. Let’s build your homebuying Game Plan and face the storm together.
Be the buffalo.
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The information contained is the viewpoint of the presenter(s). Individuals should consult their own financial representative.
Estimated Mortgage Payment is for exemplary purposes only. Contact a licensed loan officer for exact numbers and APR. Additional rates and terms may apply and are subject to change without notice. Loan scenario assumes a purchase price of Zillow's list price and a 10% down payment. Points and fees not included. Property tax, homeowners insurance, mortgage insurance, and HOA fees are approximate and may vary. Other fees may apply. Product displayed is a conventional 30-year fixed rate mortgage using the current average rate as shown on Mortgage News Daily (mortgagenewsdaily.com).
Estimated Qualifying Income assumes a homebuyer has a FICO score above 740, no other credit debt, and a debt-to-income (DTI) ratio of 43%.
For exact numbers and APR or to run a loan scenario based on your own credit and income, contact our office at (858) 259-8700.
Rate Source: Mortgage News Daily. Rates displayed are approximate, subject to change, and do not necessarily reflect rates available to you. MND’s methods involve an objective component based on lenders' raw prices as well as a subjective impression from their network of originators. For more information about how these rates are calculated, visit www.mortgagenewsdaily.com/mortgage-rates/about.
Mortgage News Daily (MND) is a trademark of Brown House Media, Inc. Zillow is a trademark of Zillow, Inc. CrossCountry Mortgage has not been authorized, sponsored, or otherwise approved by Brown House Media, Inc. or Zillow, Inc.
Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call (858) 259-8700 for details. All borrowers must meet minimum credit score, loan-to-value, debt-to-income, and other requirements to qualify for any mortgage program. CrossCountry Mortgage, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the federal government. CrossCountry Mortgage, LLC is not affiliated with or acting on behalf of or at the direction of the Veteran Affairs Office or any government agency. Certificate of Eligibility required for VA loans. By refinancing, the existing loan total finance charges may be higher over the life of the loan.
