Are Mortgage Rates Going Down? The Cost of Waiting

The Real Estate Peacock - Metro Detroit Edition · Feb 4, 2026 · 9m

Are you asking common mortgage questions like “How much mortgage can I afford?” “Should I wait to buy a house?” or “Are mortgage rates going down in 2026?” You’re not alone. Buyers and sellers across Metro Detroit are getting conflicting mortgage advice, and it’s creating confusion around affordability, timing, and real-life costs.In this episode, we break down how mortgages actually work, what really determines your monthly mortgage payment, and how mortgage interest impacts you—especially in the early years of a loan. We cover essential home loan basics, explain why most early payments go…