🏠 3% Mortgage Temptation?

The Right Home for Your Life Matters More

There’s no denying it — a 3% mortgage rate sounds like a dream.It’s one of the key reasons many homeowners have delayed moving over the past few years.But no matter how low the interest rate is,it can’t make up for a cramped space, a long commute, or living far from your loved ones.

For many, it’s not about chasing rates — it’s about adapting to real-life changes.

📉 Fewer Homeowners Are Holding 3% Mortgages

Recent data shows that the number of homeowners still holding onto mortgage rates below 3% is gradually declining.That means more and more people are deciding to move, even if it means taking on a 6%+ mortgage rate.

🏡 What’s Really Motivating Sellers? It’s Not Just Rates

According to Realtor.com, 79% of sellers who are considering listing their homes say they’re moving for “non-negotiable” reasons —not because of rates or finances, but because of life changes. For example:

• Needing more space

  
  

  Growing families, aging parents moving in, or work-from-home needs push people toward bigger homes.

• Needing less space

  
  

  Empty nesters find large homes hard to manage. Downsizing cuts costs (utilities, maintenance) and offers mental clarity.

• Wanting to be closer to family

  
  

  Grandkids, elderly parents, or life support systems—being nearby often matters more than any percentage point.

• New life chapter

  
  

  Divorce, remarriage, or starting over often calls for a new space that fits a new beginning.

• Job relocation

  
  

  New roles, promotions, or partner transfers mean life is moving — and housing needs to move with it.

📊 Will Mortgage Rates Drop Soon?

Experts predict that mortgage rates may continue to slowly decline over time.But a return to the 3% range? That’s unlikely anytime soon.

Realtor.com also found that two-thirds of sellers have been thinking about moving for over a year —delaying in hopes of better rates, all while living in homes that no longer fit their needs.

So ask yourself:

“How long am I willing to put my life on hold — just to wait for a number?”

🧭 In Closing

The home you chose in 2020 — when the world looked very different —might no longer serve your life in 2025. And that’s perfectly normal.

Yes, mortgage rates matter.But an even better question is this:

“What kind of home truly fits my life right now?”

Let’s talk through the changes you’re facing and explore strategies that can elevate your lifestyle — not just your finances.

📞 Ready to find the home that fits your life today?

Call Hansang Chul of Chicago Bokdeokbang at 773-717-2227 or email ChicagoBDB@gmail.com