🏡 Would You Let $80 a Month Hold You Back from Buying a Home in Massachusetts?

A lot of MA buyers are stuck in “wait and see” mode. They’re watching mortgage rates hover just above 6% and thinking, I’ll buy once they drop into the 5s. And sure — a lower rate sounds great.

But here’s the truth: that magical 5.99% number might not actually save you as much as you think… especially here in Massachusetts.

How Much Massachusetts Buyers Have Already Saved

Rates peaked this past spring when they climbed above 7%. Since then, they’ve steadily declined — now sitting in the low 6s. That small dip already translates to real savings for MA homebuyers.

According to Redfin, monthly payments on a $400,000 home are already down almost $400 per month compared to May.

That’s hundreds of dollars every month — money you save right now just because rates have cooled off from their highs.

And while waiting for rates to hit the high 5s sounds tempting, that wait could actually cost you more.

Where Experts Say Rates Are Headed

Most major forecasters agree: rates are likely to stay right around where they are now through 2026.

Only one expects a drop into the upper 5s.

So even if rates hit 5.99%, the actual savings for the typical Massachusetts price point?
Around $80 a month.

That’s it. About the cost of one dinner out in Boston.

Meanwhile, the savings from the rate drop we’ve already seen? Nearly $400 a month.

The Real Math: Is $80 Worth Waiting For?

That extra $80 isn’t a game-changer for most MA buyers. But the savings you already have today — plus the MA market conditions you benefit from right now — definitely are.

What Happens in Massachusetts When Rates Drop Below 6%

Competition will spike.

NAR reports that at 6%, 5.5 million more households nationwide qualify for the median-priced home. Even a small portion of those buyers re-entering the market creates a surge of demand.

In Massachusetts — where inventory is already tight — that means:

✔ More bidding wars
✔ Faster days on market
✔ Higher home prices
✔ Less negotiating power for buyers

So while you’re waiting for a tiny $80 savings… you could miss out on the window where buyers have the upper hand.

Bottom Line for MA Buyers

You don’t need 5.99% to win.
You have opportunity now — lower rates than spring, motivated sellers, more choices, and less competition.

So ask yourself…

👉 Would you really let $80 a month hold you back from buying a home in Massachusetts?

If you find a home you love and the math works, moving sooner could put you ahead — not behind.

Want to see your exact numbers in today’s Massachusetts market? Let’s run the scenarios so you can make a confident, informed move.