Waiting for 3% Rates Is Costing You $70K (A Loan Officer Does the Math)

Book a free discovery call (no obligation, just honest answers): 🔗 https://tinyurl.com/yr3tctx8 🔗 https://www.envoymortgage.com/dustin-... Should you wait for mortgage rates to drop before buying a home in Vancouver, Washington? The short answer: the math says no and it's not close. Today, I go over what waiting two years actually costs you in lost equity and rent, what the major forecasters really project for 2026, and the buydown strategy that gets you a lower rate now without paying extra for it. Half the country is sitting on the sidelines waiting for sub-3% rates to come back. Those rates were the product of a once-in-a-century emergency: the long-term average for the 30-year fixed since 1971 is approximately 7.7%, not 3%. Today's rates are squarely in the middle of the historical range, not at a crisis level. In today's video, you'll also learn: Why 6% is historically normal and why sub-3% was a once-in-a-century event, not a baseline What Fannie Mae, Morgan Stanley, and the Mortgage Bankers Association actually forecast for 2026 (none of them project a return to 3% or even 4%) The real cost of waiting 2 years in the Vancouver, WA home market "Marry the house, date the rate": How a 2-1 buydown works, and why sellers will often pay for the entire thing in today's market Why the "wait for rates" narrative is really about avoiding the harder conversation: whether you actually qualify and what your plan looks like Whether you've been holding out for rates to drop or you're just trying to figure out if now is the right time, this video puts the actual numbers on the screen so you can make the decision with math instead of headlines! DISCLAIMER: This video is for educational purposes only and does not constitute financial advice. Loan approval is subject to credit and income verification. Individual results vary based on financial situation. Contact a licensed loan officer for guidance specific to your situation. ---- I'm Dustin Hutley with Envoy Mortgage in Vancouver, WA. I help first-time buyers and small investors in SW Washington & Portland metro find their clear path to homeownership - even if you've been told no before. You're not denied. You're on a path. Let's find yours! — 📍 I'm licensed in Washington & Oregon - NMLS: 1534848 🎯 Specializing in: First-time buyers, self-employed borrowers, down payment assistance programs, investment properties ----- This is not a commitment to lend - Envoy Mortgage Ltd. 6666 (www.nmlsconsumeraccess.org) 952 Echo Lane, Suite 190 Houston, TX, 77024, 877-232-2461 - www.envoymortgage.com | | Other authorized trade names: Envoy Mortgage LP; Envoy Mortgage of Wisconsin; Envoy Mortgage, A Limited Partnership; Envoy Mortgage, L.P.; Envoy Mortgage, Limited Partnership; Envoy Mortgage, LP; Envoy Mortgage, LTD Limited Partnership; ENVOY MORTGAGE, LTD, LP (USED IN VA BY: ENVOY MORTGAGE, LTD); Envoy Mortgage, LTD. (LP)