Even a small rate change significantly impacts monthly cost on a high-price loan. A 1% rate increase on a $1.5M loan adds roughly $800-900 per month. When rates rise, some buyers pause, which can reduce competition. When rates drop, buyers flood back in and push prices upward again. In San Francisco, scarcity keeps values more stable than most cities even during high-rate environments. I help buyers think about rate lock timing, buy-downs, and program options based on their specific situation.
