Refinance Or Buy New House [2026 Update]

To give you a better idea of your or purchasing power , what are: Your current interest rate ? Your estimated home value vs. loan balance ?

Median prices have softened slightly (down 2.2% ), but significant crashes are not expected. Decision Matrix Typical Costs 2% – 6% of loan 2% – 5% (plus down payment) Primary Goal Lower monthly payment More space or better location Market Condition Best if current rate > 6.8% Best if you need more inventory Lifestyle Renovate current space Move-in ready refinance or buy new house

Builders are currently offering mortgage rate buy-downs and credits that can make a new home cheaper than an existing one ( Investopedia ). To give you a better idea of your

With high home equity (averaging $181,000 recently), many are choosing to refinance and remodel instead of moving. 🏠 Option 2: Buy a New House Median prices have softened slightly (down 2