Local Resident
Feb 18, 2026 10:14am · 4710 views · Industry Advice
✓ Verified Business: George Sykes, Managing Broker, Worth Clark Realty
Well, yes. If you like to keep more of your money or spend more of your money, then the rate does matter.
As rates come down, you'll have more buying power. So, you can either lower your payment or look at houses that were out of your price range last year.
Remember, I think I've talked about this before. If you are buying, in my opinion, buyers have more power as rates drop, not after they have dropped and settled. Because as they drop, you can catch homes that have been on the market for a while. As new homes come onto the market, those sellers are most likely going to claw some of those gains.
Here is an illustration of the effect on rates.
Have questions?
George Sykes
Managing Broker, Worth Clark Realty
President, Wildfire Internet
618-531-4000
"Don't forget. If you are selling a home in the 618 area, I sell them for 2.5% or $5,495 whichever is less"
As rates come down, you'll have more buying power. So, you can either lower your payment or look at houses that were out of your price range last year.
Remember, I think I've talked about this before. If you are buying, in my opinion, buyers have more power as rates drop, not after they have dropped and settled. Because as they drop, you can catch homes that have been on the market for a while. As new homes come onto the market, those sellers are most likely going to claw some of those gains.
Here is an illustration of the effect on rates.
Have questions?
George Sykes
Managing Broker, Worth Clark Realty
President, Wildfire Internet
618-531-4000
"Don't forget. If you are selling a home in the 618 area, I sell them for 2.5% or $5,495 whichever is less"
Click to view full size
Join the conversation — log in or create an account to reply.