It’s one of the questions I hear all the time: **Will interest rates go down?** And it’s a great question. Interest rates can make a big difference in your monthly mortgage payment and
Will the Interest Rates Go Down?
Dated: September 28 2026
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It’s one of the questions I hear all the time: **Will interest rates go down?** And it’s a great question. Interest rates can make a big difference in your monthly mortgage payment and overall buying power. The truth is, no one can say with certainty exactly when rates will go down or by how much. Rates are influenced by many things happening in the economy, including inflation, employment, the bond market, and Federal Reserve policy.
Should You Wait for Rates to Drop?
This is where I encourage buyers to look at the bigger picture. Waiting for a lower interest rate may sound like the best move, but what happens if home prices increase while you wait? Or if lower rates bring more buyers back into the market and increase competition? A lower rate is great, but it is only one piece of the home-buying puzzle. The better question may be: **Does buying a home make sense for me right now?**
If you find the right home at a price and monthly payment you are comfortable with, buying now may still make sense. If rates decrease in the future, refinancing could potentially be an option, depending on your situation and the costs involved. But you can’t go back and purchase the home you loved today at today’s price once someone else owns it.
Focus on What You Can Control
Instead of trying to perfectly time the market, focus on being prepared. Know your budget, understand your financing options, and work with professionals who can help you look at the numbers before you make a decision. Sometimes the answer is **buy now**, and sometimes the answer is **wait**. My job isn’t to push you in either direction. It’s to give you the information you need to make a decision that makes sense for you.
Have questions about buying a home or wondering whether now is the right time for you? **Let’s have a conversation.** I’m always happy to talk through your options and help you create a plan, even if you’re not quite ready to buy yet.
Dee Jenkins
Deidre "Dee" Jenkins is a relationship-focused real estate professional with NextHome South Pointe, serving St. Petersburg, South St. Petersburg, and communities throughout the greater Tampa Bay area.....
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 28, 2026 6:17 PM UTC
