Mortgage rates can make buying or selling a home feel more challenging, but higher rates don’t mean you have to put your plans on hold. The key is having the right strategy for today’s market.

If You’re Buying

Know your budget. Get pre approved so you understand what you can comfortably afford.

Explore your options. Talk with your lender about different loan programs, terms, and ways to make the payment work for you.

Lock your rate when it makes sense. Once you’re under contract, discuss rate lock options with your lender so you know what to expect.

If You’re Selling

Choose your priority. Decide whether your goal is to sell quickly or get the highest possible price.

Price for today’s buyers. With affordability still a concern, strategic pricing can help your home stand out.

Consider offering incentives. A rate buydown or other concession may make your home more attractive to buyers who are watching their monthly payment.

The Bottom Line

You don’t have to wait for mortgage rates to fall to make a move. Buyers and sellers can still make smart decisions by focusing on what they can control.

The right game plan can make all the difference.