Mortgage Rates
The Cost of Waiting: Why Lower Rates May Cost You More
Aug 24, 20267 min read90
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Jon Hill
@jonhill
14+ Years of expertise
Branch Manager
NorthLend Financial powered by Cornerstone First Mortgage
Mortgage Loan Officer
2550 University Ave W, Suite 210-NSaint Paul, MN 55114
2Articles
1Answers
1Accepted
About Jon
I believe technology should amplify human expertise, not replace it. As a mortgage advisor and managing partner, I'm passionate about using AI, automation, and innovative technology to create better experiences for clients and partners. I'm always exploring new tools to improve communication, marketing, and productivity while staying focused on what matters most: trust, relationships, and personalized service.
- NorthLend Financial powered by Cornerstone First Mortgage
- Branch Manager
- Website
- northlendmortgage.com
- Member since
- July 2026
Questions & Answers
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R
I see the projections there for expected interest rates the remainder of the year, how much longer do you see rates holding here before price correction is forced to happen due to financials of the local buyers?
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Jon HillAccepted Answer
We’re already seeing some of that adjustment through longer days on market, more negotiation, seller concessions, and buyers becoming increasingly payment conscious. If mortgage rates remain in the mid-6% range or higher for an extended period, I would expect that pressure to continue, particularly in areas like Florida where INSURANCE, taxes, and other ownership costs are also elevated.
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