If you’re one of the many homeowners who locked in a mortgage rate around 3%, the idea of letting that go might feel like a non-starter. Even if you’ve been thinking about moving, there’s probably a voice in your head asking:
“Why would I give up such a great rate?”
It’s a valid question, but it may be keeping you from making the right move for your lifestyle or plans.
Here’s a better question to consider:
Will This Still Be the Right Home for You 5 Years from Now?
Take a moment and picture your life over the next few years. Are you expecting your family to grow? Are you nearing retirement? Will your kids be moving out soon? Are you already feeling cramped—or maybe the space is just too much?
If nothing in your life changes and you love your current home, staying might make sense. But if there’s any chance your needs will shift, even in the next 1–2 years, it’s worth looking ahead.
Why? Because home prices are projected to keep rising, and the longer you wait, the more your next home may cost.
Home Prices Are Expected to Rise Through 2029
Each quarter, Fannie Mae surveys over 100 housing market experts on where they see home prices headed. The general consensus: prices will continue to climb through at least 2029.
While annual increases may be modest, the impact adds up over time. Let’s say you’re eyeing a future home around $400,000. If you wait 5 years, projections suggest that the same home could cost you $80,000 more.
Now think about this: even if interest rates come down slightly, you’re still paying more for the home itself. And experts agree—we’re not going back to 3% interest rates anytime soon.
It’s Not “Why Move?”—It’s “When Should I Move?”
That low mortgage rate you’ve been holding onto is a financial win—but only if it still aligns with your long-term goals. If your current home no longer fits your lifestyle or will soon fall short of your needs, that low rate may be costing you more in the long run.
The right move isn’t always about the numbers, but understanding the financial side helps you make a more informed decision. And that’s where having a local expert by your side makes a difference.
Bottom Line
Your mortgage rate matters, but so do your goals.
If a move is on the horizon—even if it’s a couple of years away—now is the time to start planning.
Let’s connect and run the numbers together. I can show you how future price projections stack up against today’s market and help you make a decision that supports both your finances and your lifestyle.