Wondering If You Should Still Buy a Home Right Now? Here’s What To Keep in Mind.

With economic headlines, global events, and near constant talk about affordability, you may be wondering if this is the right time to move. But here’s what you need to remember.

While recent events do have some impact on the housing market, they don’t take buying off the table. You just have to use a different strategy.

Mortgage Rates Have Been Up Slightly – Here's Why

After trending down for most of 2025, mortgage rates have been higher again for over roughly a month now. And experts say it’s a result of what's happening overseas and in the broader economy. As Mark Fleming, Chief Economist at First American, explains:

“Mortgage rates have recently moved higher, driven by geopolitical uncertainty and rising energy costs that are contributing to inflation concerns.”

But what does that really mean for you? Should you wait for everything to settle back down before you buy a home?

The short answer is no. You don’t have to wait.

Is It Still a Good Time To Buy a Home in Today’s Market?

It’s true that a month or so ago, when rates were just shy of 6%, buying felt a bit more affordable. And now that rates are hovering around the mid-6s, monthly payment costs are higher.

But zoom out for a second.

Let’s say you’re taking out a loan for $500k. Even with rates in the mid 6s, you’re still saving roughly $300 on your monthly payment compared to buyers who made their purchase early last year.

That means this recent increase in rates hasn’t erased the progress we’ve seen. Buying is still more affordable than it was just one year ago (see below):

Sure, your monthly payment would’ve been a little less expensive a few weeks back. But hindsight is always 20/20.

The goal moving forward shouldn’t be to perfectly time the market. Things change too quickly for that. Instead, the real goal is to make the best decision you can based on where things are today. And the best advice anyone can give is: brace for volatility.

What To Expect From Mortgage Rates Moving Forward

Mortgage rates are going to continue to be move around in the weeks or months ahead as new information and economic reports come out.

Try to remember, you can’t control global events or where rates go next week (or even next month). But you can control how you prepare. If you do that, it becomes less about the headlines, and more about your situation.

If You Want or Need To Move, You Still Can

The simple truth is, if you want or need to move, you still can.

Some buyers are choosing to move forward right now because their needs haven’t changed. A growing family, a job relocation, a lifestyle shift – those things still matter.

And for buyers who do decide to move forward, there are ways to make it work.

For example, you could explore options like adjustable-rate mortgages (ARMs) to get a lower rate upfront. That may or may not be the right fit for you, but it highlights an important point: there are strategies that can help you move, even now.

What matters most is having a plan.

And working with the right agent and lender is a big part of that. With expert help, you’ll: 

• Understand your budget and what the math looks like at today's rates.
• Explore your financing options, including ARMs and assistance programs.
• Have trusted guidance from experts who'll keep you up to date throughout the process.

Bottom Line: You Still Have Options as a Homebuyer

Even with some uncertainty in today’s housing market, you still have options—especially if you’re planning to buy or sell in the North San Diego County real estate market.

If you need to move, you still can. The key is understanding your numbers, your timing, and the opportunities available right now.

You can start by exploring:

• Find out your home value
• Search homes for sale
• View the latest market snapshot
• Estimate your monthly payment with a mortgage calculator

Whether you're searching for Carlsbad homes for sale, Vista homes for sale, or browsing current listings, having the right strategy makes all the difference.

If you’re looking for guidance from a local expert, working with an experienced Escondido real estate agent can help you navigate your options with confidence.

👉 Ready to take the next step? Contact us today to talk about your goals and create a plan that works for you.

Frequently Asked Questions About Buying a Home Right Now

1. Is now a good time to buy a home?

Many buyers are still moving forward despite changing mortgage rates. While the market shifts, affordability may be better compared to last year depending on market conditions. The right time to buy a home depends on your financial situation, goals, and long-term plans.

2. How do mortgage rates affect monthly payments?

Mortgage rates have a direct impact on your monthly mortgage payment. Even a small increase or decrease in rates can significantly change how much you pay each month, which is why understanding current rates is important before buying a home.

3. What should I do before buying a home?

Before buying a home, it’s important to review your budget, check your credit, and get pre-approved for a mortgage. This helps you understand how much you can afford and puts you in a stronger position when you find the right property.