Are Mortgage Rates Really That High? Let’s Put Things in Perspective!

Beth Outz
Jun 27
2 min read

It’s the headline everyone loves to panic over: 👉 “Mortgage Rates Hit 6%!” 😱But here’s a little secret your Home Girl wants you to know:

📣 6% Isn’t Scary. It’s Normal.

In fact, 6% is right around the historical average for mortgage rates. (Yes, really.) But when you're constantly hearing "rates are high!" — it's easy to forget that context is everything.

So let’s have some fun and compare mortgage interest to a few things you don’t see people stressing over:

💳 Credit Cards: 14–20%+ Interest

Swipe now, regret later? The average credit card interest rate is double or even triple what you'd pay on a mortgage.

And here's the kicker:You don’t get a house with that swipe — just some takeout, a Target run, and maybe a dog costume you’ll use once. 🐶🎃

🚗 Luxury Vehicle Loans: 7–10%

Financing a $60K SUV? That shiny ride could come with an interest rate higher than your home — and unlike a house, it depreciates the moment you drive it off the lot.

Plus, your car won’t build equity while you’re sleeping. 😴🏡

🏠 Mortgage: 6–7% (Still!)

Your home, on the other hand, is an appreciating asset. You’re building equity, locking in predictable payments (if it’s a fixed-rate loan), and investing in your future.

💡 Real Talk from Your Home Girl

Is 3% nicer than 6%? Of course. But should 6% keep you from buying if you’re otherwise ready? Absolutely not.

Plus, here’s the secret sauce:

🧠 “You date the rate, but marry the house.”

You can always refinance later when rates drop — but finding the right home in the right neighborhood at the right time? That’s the real win.

🎯 The Bottom Line

Mortgage rates aren’t crazy — but headlines are.If you’re financially ready, waiting for the “perfect” rate could cost you more in rent, missed equity, or rising home prices.

Let’s look at the full picture together.