Why Homeowners Are Moving — Even with a 3% Mortgage

If you’re one of the many homeowners locked into a 3% mortgage rate, the idea of moving might seem absurd at first. Why trade an ultra-low interest rate for something higher? It’s a fair question — but it might be the wrong one.

Instead of asking “Why would I move?”, the better question may be:
“What are the chances I’ll still be in this home five years from now?”

Life Moves — And So Do You

Mortgage rates don’t drive most moves — life does.

Whether you’re expanding your family, downsizing, heading into retirement, or just craving more space or a different location, those personal needs often outweigh financial hesitation. And if you already feel that change is coming down the line, it’s worth thinking about the timing of your move — because waiting could cost you.

Home Prices Are Expected to Keep Rising

According to the Home Price Expectations Survey, over 100 housing experts anticipate steady price increases through at least 2029. Take a look:

While these aren’t sky-high jumps, even modest appreciation adds up fast over time. Consider this: a $400,000 home purchased today could cost nearly $80,000 more by 2030.

That’s a significant difference for anyone planning to move in the next few years. And if you're trying to “wait out the rates,” remember...

Lower Rates Are Coming — But Not That Low

Forecasts from Fannie Mae, MBA, Wells Fargo, and NAHB all show mortgage rates trending downward, but none suggest a return to pandemic-era levels.

Even by late 2026, projections hover around 6% — far from 3%, but still significantly lower than the current highs. That means:

• If you wait, your monthly rate may drop modestly — but

• Your home price will likely rise, potentially wiping out that benefit.

Bottom Line: A Strategic Move Can Still Be Smart

Yes, your 3% mortgage is a great asset. But if it’s keeping you from the lifestyle, space, or future you truly want, it may be time to rethink.

A move in the near future could help you:

· Lock in a price before further appreciation
· Take advantage of modest rate declines
· Get ahead of long-term cost increases

Let’s talk about your goals, your timeline, and whether a move this year or next could put you in a better position long term.

Waymaker Realty Advisors
Your Advisor and Partner for the Best Real Estate Journey