Builders are currently offering mortgage rate buy-downs and credits that can make a new home cheaper than an existing one ( Investopedia ).
If your current rate is above 6.88% , you can likely save significantly ( LendingTree ). refinance or buy new house
Median prices have softened slightly (down 2.2% ), but significant crashes are not expected. Decision Matrix Typical Costs 2% – 6% of loan 2% – 5% (plus down payment) Primary Goal Lower monthly payment More space or better location Market Condition Best if current rate > 6.8% Best if you need more inventory Lifestyle Renovate current space Move-in ready Builders are currently offering mortgage rate buy-downs and
With high home equity (averaging $181,000 recently), many are choosing to refinance and remodel instead of moving. 🏠 Option 2: Buy a New House Decision Matrix Typical Costs 2% – 6% of
Choose this if you love your home but want to take advantage of rates that are currently lower than the peaks of 2023–2025.
Choose this if your current home no longer fits your needs, as the market offers better conditions than recent years.