Right Time to Buy
Today's live mortgage rate, plus a calculator that tells you whether waiting for a lower rate actually beats buying now.
30-Year Fixed Mortgage Rate
Fetching latest rate…
Should You Buy Now or Wait?
Buy Now
$2,075/mo
Home: $350,000 at 6.90%
Wait 12 months
$1,955/mo
Home: $362,250 at 6.00%
The Verdict
Waiting saves $120/mo, but the home costs $12,250 more — break-even in ~8.5 years.
You'd also need ~$1,225 more for the down payment.
Estimates only. Principal & interest shown; taxes, insurance, and PMI not included. Rate forecasts are illustrative.
How this works
- The live rate comes from Freddie Mac's Primary Mortgage Market Survey via FRED, updated weekly.
- "Wait" scenarios project the home's price using the appreciation rate you set, then calculate the new monthly payment at your target rate.
- Break-even is how long the lower monthly payment takes to offset the higher purchase price.