Let’s be honest—it’s tough to give up that 3% mortgage rate. That’s been one of the biggest reasons so many homeowners have hit pause on moving lately. But here’s something worth thinking about…

Sure, your low mortgage rate is great—but it doesn’t help if you’re feeling cramped, struggling with stairs that your knees hate, or living 1,000 miles away from the people you love. And for a lot of homeowners, those real-life needs are starting to outweigh the hesitation about today’s rates. That’s why more and more people are deciding it’s time to make a move.

The numbers tell an interesting story—fewer homeowners are holding onto those under-3% mortgage rates because more people are deciding to move. And as they do, more folks are taking on mortgage rates above 6%. (Check out the graph below!)

The Biggest Reasons People Are Moving Right Now

So, why are some homeowners okay with taking on a higher mortgage rate? A survey from Realtor.com gives us some insight—turns out, 79% of homeowners thinking about selling right now are doing it because they have to. And most of those reasons aren’t about money—they’re about real-life needs. (Take a look at the graph below!)

Can you relate to any of these reasons?

You need more space. Maybe there’s a new baby on the way, the kids need their own rooms, or your parents are moving in to be closer—it doesn’t take much to start feeling like your house is bursting at the seams.
You need less space. The kids have moved out, and now you’re ready for something simpler. Downsizing means less cleaning, less upkeep, and lower utility bills—hello, easier living.
You want to be closer to family. Whether it’s to spend more time with the grandkids or help care for aging parents, sometimes being near loved ones matters more than anything else.
Your relationship status has changed. Divorce, separation, or starting fresh with a new partner—big life changes often come with the need for a new home that fits your next chapter.
Your job is taking you somewhere new. Maybe you landed your dream role or your partner’s company is relocating—whatever the reason, a move might be part of the deal.

What About Mortgage Rates?

Yes, experts do think mortgage rates will come down—but it’s likely to be a slow climb, not a sudden drop. The latest forecasts show rates dipping a bit this year, but probably not anywhere near that 3% mark you might be holding out for. (Check out the graph below!)

So, while it might seem smart to hold out for a big drop in rates, it could just mean spending more time in a home that no longer works for you. And honestly, a lot of people are realizing they’ve already waited long enough.

Realtor.com says nearly 2 out of 3 potential sellers have been thinking about moving for over a year. If that sounds like you, maybe it’s time to ask yourself...

How much longer are you willing to put your life on hold?

At the end of the day

Your home might’ve been perfect for you five years ago. But that “for now” house you bought back in 2020? It probably isn’t cutting it in 2025—and that’s totally normal. Life changes, and your home needs to keep up.

Sure, mortgage rates matter—but the real question is:

Let’s chat about what’s changed—and what kind of move would really support the life you’re living now.