The truth is, today’s mortgage rates may feel high compared to the pandemic years, but historically, they’re actually much closer to normal. While many buyers are waiting and hoping for 3% rates to return, home prices in New Jersey continue to rise — which could end up costing more in the long run. That’s why smart buyers are focusing less on timing the market perfectly and more on creating the right strategy now, whether that means refinancing later, negotiating seller credits, or getting ahead before competition picks up again.
