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How To Buy a Home Without Waiting for Lower Rates

Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, experts say rates will decline, but not by as much as a lot of people want.

The good news? Even if they don’t drop substantially, there are still ways to make buying a home more affordable.

How Much Will Rates Drop?

A few months ago, experts were forecasting mortgage rates could dip below 6% by the end of the year. But recent projections suggest that may not happen after all.

While mortgage rates are still expected to decline some later this year, projections from Fannie Mae, the Mortgage Bankers Association (MBA), and Wells Fargo now show them stabilizing closer to 6.5% by the end of the year (see below):

That means if you’re holding off on buying a home in hopes of much lower mortgage rates, you may be waiting a while. And if you need to move because something in your life has changed, like a new job, a new baby, or a marriage – waiting that long may not be an option.

Creative Financing Options in Today’s Market

Since rates aren’t expected to decline as much as originally expected, it may be worth considering alternative financing options that could help you get into a home sooner rather than later. Here are three strategies to discuss with your lender to see if any of these make sense for you:

1. Mortgage Buydowns

A mortgage buydown allows you to pay an upfront fee to lower your mortgage rate for a set period of time. This can be especially helpful if you want or need a lower monthly payment early on. In fact, 27% of agents say first-time homebuyers are increasingly requesting buydowns from sellers in order to buy a home right now.

2. Adjustable-Rate Mortgages

Adjustable-rate mortgages (ARMs) typically start with a lower mortgage rate than a traditional 30-year fixed mortgage. This makes them an attractive option, especially if you expect rates to drop in the coming years or plan to refinance later.

And if you remember the housing crash, know that today's ARMs aren’t like the risky ones back then. Lance Lambert, Co-Founder of ResiClub, helps drive this point home by saying:

. . . ARM products today are different from many of the products issued in the mid-2000s. Before 2008, lenders often approved ARMs based on borrowers ability to pay the initial lower interest rates. And sometimes they didn’t even check that (remember Ninja loans). Today, adjustable-rate borrowers qualify based on their ability to cover a higher monthly payment, not just the initial lower payment.”

In simple terms, banks used to give loans without checking to see if buyers could afford them. Now, lenders verify income, assets, and jobs, reducing the risks associated with ARMs compared to the past.

3. Assumable Mortgages

An assumable mortgage allows you to take over the seller’s existing loan — including its lower mortgage rate. And with more than 11 million homes qualifying for this option according to U.S. News, it’s worth exploring if you want or need a better rate.


Waiting for a big decline in mortgage rates may not be the best strategy. Instead, options like buydowns, ARMs, or assumable mortgages could make homeownership more affordable right now. Connect with a local lender to explore what works for you.


Buyer Guide

You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide will answer many of your questions and likely bring up a few things you didn't even know you should consider when buying a home.

Boise Flower & Garden Show


The 28th Annual Boise Flower & Garden Show, March 28-30, 2025 at the Boise Centre. BFGS is the perfect event to kick off Spring with everything you need to make your yard and garden beautiful!

The BFGS continues to bring you new companies, new products, great ideas and expert advice! Shop for everything from outdoor furniture to sunrooms, tools, garden gadgets, iron garden art , orchids! You'll still find spectacular gardens, gardening seminars and demonstrations, a spectacular bonsai display and demonstrations to get you hooked, and much, much more.

Show Dates: March 28-30, 2025 at the Boise Centre

It's that time of year again when Boise, Idaho, comes alive with the vibrant energy of Treefort Music Fest, a dynamic celebration of music, art, and community spirit. As we step into March, this beloved festival invites attendees from all over to dive into a world where indie bands, visual arts, craft beers, and laughter blend seamlessly across five exhilarating days. More than just a music festival, Treefort stands as a beacon of creativity and inclusivity, offering a multitude of experiences from Filmfort to Yogafort, all set against the backdrop of downtown Boise's urban charm. It's an adventure that promises to not only entertain but also connect and inspire, making every moment a chance to discover something wonderful and new. As Treefort gears up for another unforgettable edition, the excitement is undeniable, beckoning everyone to join in and be part of this unique, communal celebration.


Seller Guide

You may be wondering if now is a good time to sell your home. The free eGuide will answer many of your questions and likely bring up a few things you didn't even know you should consider when selling your home.

To view details and more information, 

click on the property listed below.

Nampa, Idaho is a vibrant city nestled in the heart of the Treasure Valley, offering a unique blend of rich history, breathtaking natural beauty, and a warm, welcoming community that makes it the perfect destination for anyone looking to escape the ordinary. 

With its stunning landscapes, exciting outdoor recreation opportunities, and a thriving downtown area filled with shops, restaurants, and cultural attractions, Nampa provides a refreshing change of pace for families, outdoor enthusiasts, and foodies alike.

Whether you're planning a relaxing vacation, looking for a new place to call home, or just passing through, Nampa's warm hospitality, excellent education system, and thriving economy make it an ideal destination for anyone seeking a fresh start or a new adventure.

208.789.4320

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