Mortgage Projections 2025-2026

Should You Wait or Move Now? Interest Rates, Timing, and Smart Moves in Charleston’s Tri-County

If you’re thinking about buying or selling in the Charleston Tri-County area in the next two years, the main question is usually the same. What will happen with interest rates, and when should you make your move?

Why rates matter
Most buyers focus on the monthly payment. Since about 80% of buyers finance their homes, the interest rate has a bigger impact than the sticker price. Cash buyers are the exception.

Where rates stand
Rates have been sitting in the high fives to low sixes. That is much better than last year and close to long-term normal. Our team also offers programs that can get qualified buyers into the fours.

What to expect next
Rate shifts will likely be small. We could see something near five and a half percent, but nothing dramatic. If rates fall and demand jumps, rates may creep back up. If rates stay near 6%, expect a steady market.

What a 6% market looks like
Charleston is sitting at about four to five months of inventory. That has cooled price growth to a normal range, often from low single digits up to around 10%. This level of balance is healthy.

The cost of waiting
Waiting for mid five percent rates can backfire. When rates dip, more buyers rush in. Inventory tightens, competition rises, and sellers hold firmer on price. Right now buyers have more choices and better negotiating power.

Two smart paths if you want to move now
You can keep your payment manageable without waiting.
• Buy now and refinance later. You get today’s selection and pricing, then lower your payment if rates fall.
• Use our rate programs. Ask about our Guaranteed 4% Rate option or our Sell Your Home, Keep Your Rate program. Both help lower your rate now, with the option to refinance again later at no cost under program terms.

Client story, how Lauren made it work
Lauren needed more space and a better school system, but the math felt tight. After reviewing rate options, everything lined up. Her home got four offers in three days and sold over asking. That boosted her down payment, and we locked a low rate on the new home. Her payment rose only a little, and she got the home she needed. Waiting two years would likely have cost more.

Action steps
• Run the numbers now and compare today’s pricing with future possibilities.
• Get pre-approved so you understand your payment options.
• Shop while inventory is healthier and competition is lighter.
• Have a refinance plan ready in case rates fall.

If you want help deciding your next move, call the Dave Friedman Team at (843) 972-3833, click the links below, or visit davefriedmanteam.com. We can walk you through your options and build a plan that fits you.