One of the most common questions we’re hearing right now: Should I wait for mortgage rates to drop?

Here’s the perspective:

• 1980s: Rates hovered around 12%.

• 2020: Rates hit historic lows of ~3%.

• Today: We’re in the mid-6% range, with 2025 averaging ~6.6%—and current rates slightly below that.

  
  

It’s important to remember: when you spend time waiting for rates to drop, you may be missing out on building equity, potential appreciation, and favorable terms available today. In many cases, the cost of waiting can outweigh the perceived savings— “time is of the essence”.

Waiting for lower rates seems safer, but here’s what often happens: As rates fall, more buyers re-enter the market, increasing demand and competition. This can drive home prices up, offsetting the benefit of lower rates.

Today’s market offers less competition, more inventory, and better negotiation opportunities compared to recent years. Sometimes, acting now—with a strong strategy—can be the smarter move.

Wildcrust

Located in Highland Park next to Queen's Raw Bar, Wildcrust is a live-fire pizzeria led by chef-owner Miles Okabayashi. Trained at The Culinary Institute of America and seasoned in acclaimed kitchens like République, Perry Street, and Uncle Boons, Chef Miles blends classical technique with Japanese influence and a love for open-fire cooking. The result? Food that feels both refined and primal. The menu features lamb-tzatziki flatbread, funghi with raclette, and wood-grilled vegetables, all paired with a thoughtful wine, beer, and sake selection—designed to complement every flame-kissed bite. Fire is the heartbeat of Wildcrust, bringing Neapolitan pizzas to life with bold, blistered flavor. Their 48-hour sourdough fermentation creates a crust that’s airy, flavorful, and perfectly charred in a wood-fired oven.that matches the room.