Should You Wait for the “Perfect” Mortgage Rate? Why Buying Now Might Save You More!

A lot of buyers are in "wait and see" mode as mortgage rates hover a little above 6%—hoping to swoop in once rates hit the 5s. Who wouldn’t want a better rate, right? 🤔 But here’s the catch: that magic 5.99% might not save you as much as you think! 📉

Rates Have Already Dropped—Here’s What You’ve Saved! 🤑

Earlier this year, rates peaked above 7%. Now, in November 2025, most San Antonio, Bandera, and Helotes lenders are quoting low-6% rates on a 30-year fixed mortgage. What does that mean for your wallet? Redfin reports the typical monthly payment on a $400,000 home is already down nearly $400 since May! That’s hundreds of dollars you can put toward your future, not just your lender.​

Is Waiting for 5.99% Worth It? ✋

Some buyers hope for even lower rates. But dropping from 6.25% to 5.99% only saves about $80 per month for the average home in Texas. That’s about one family dinner— not exactly a gamechanger when compared to the bigger savings already available! 🍽️ And experts say rates aren’t likely to drop much more anytime soon—most forecasts predict rates will stay near current levels through 2026.

Slim Competition = Opportunity! 🚪

Buyers waiting for lower rates should know: if rates fall under 6%, over five million new households could afford a median-priced home, according to the National Association of Realtors. Even if only a fraction buy, competition will heat up FAST and prices could climb—erasing the small advantage of waiting!🔥.

Right now, you have:

• More homes to choose from

• Sellers open to negotiation

• Fewer buyers in your way!

Bottom Line: Don’t Let $80 Hold You Back 🚦

You don’t have to wait for 5.99%. If you find a home you love and your numbers make sense, seizing today’s opportunity could pay off big—especially with $400 a month in savings already on the table. 💡

Ready to do the math for YOUR situation? Connect with a local pro who knows San Antonio, Bandera, Helotes, and the Hill Country. Call Krista Klause, your trusted realtor for savvy first-time buyers, sellers, and everyone in between! 🏡🤝