Holding Onto That 3% Mortgage? You’re Not the Only One.

At Slater Realty Group, we’ve been talking to more and more homeowners who feel caught in a tough spot not because they want to stay put, but because they’re holding onto something that’s hard to part with: a mortgage rate in the 2–3% range. It’s no surprise that the same question keeps coming up: “Why would I give that up?” And honestly, it’s a fair question, one we’re hearing more and more.

That Ultra-Low Rate Feels Like a Win — Because It Is

Let’s be honest if you secured a mortgage around 3%, you locked in something truly rare in today’s market. With rates now closer to 6% or 7%, the thought of moving whether it’s upgrading or even downsizing can feel like a financial step in the wrong direction. It’s no surprise that questions start to come up: Will my payment skyrocket? Can I still afford what I really want? Is it wise to give up this kind of value? These are valid concerns, that low rate gives you meaningful financial breathing room so it’s only natural to be cautious about letting it go.

But Is Your Home Still Working for You?

Here’s the real heart of the issue and something we gently encourage clients to think about: Has your lifestyle changed since you bought your home? Are you craving more space, a different layout, or a new location? Is your home still aligned with your long-term goals? Because while your mortgage rate may be ideal, your living situation might not be. You’re not just living in a financial asset, you’re living in a home. If that space no longer serves your life, it’s worth exploring what else might be possible.

Let’s Look at the Bigger Picture

At Slater Realty Group, we’re not here to push you into making a move — we’re here to give you a clear, full-picture perspective. That means looking beyond just the interest rate and helping you explore what a potential move would actually cost with real numbers. We walk through options like keeping your current home as a rental to maintain your low-rate mortgage, or how a new home might bring everyday benefits that make the higher rate worthwhile. We also discuss timing strategies that could make the transition smoother financially. Most importantly, we help you balance the numbers with how a move feels because both the financial and emotional sides matter.

You Have Options And You Deserve to Know What They Are

The truth is, there’s no one-size-fits-all answer to the question of whether you should move — every situation is unique. But with the right guidance, you can feel confident about whatever step comes next. At Slater Realty Group, our goal is to educate, support, and empower you with the information and insight you need to make a smart, well-informed decision that fits your life.

Bottom Line

If you’ve been hesitant about moving because of your mortgage rate, know that you’re not alone and your caution is completely understandable. But don’t let uncertainty hold you back from a lifestyle or opportunity that could be a better fit. At Slater Realty Group, we’re here to talk through your goals, your finances, and your timeline—whether you’re planning to move soon or simply exploring your options. When you’re ready to find the right home for you, we’re ready to help.

Source

Coldwell Banker Realty