Thinking about holding off on buying a home until mortgage rates drop? You’re definitely not alone—but here’s the thing most people aren’t talking about: Waiting might cost you more in the long run.
Let’s break down a few “Educ-RATE-tion” key factors:
Home Prices Are Still Rising
Even if rates drop slightly, higher home prices could cancel out any potential savings. Buying now may mean securing a home at a lower price, even with a slightly higher interest rate.
Today’s Market Favors Buyers (for Now)
With fewer buyers in the market, sellers and builders are offering more generous incentives. You might qualify for:
- Seller-paid closing costs
- Rate buydowns
- Free upgrades or repair credits
Those Incentives May Vanish When Rates Drop
When rates do eventually drop, competition will spike. That leverage you have today? It could disappear along with the perks that make buying now more affordable.
Yes, rates may be slightly higher today—but with the right loan and current incentives, your cost to close could be lower than if you wait:
The Smartest Move? Get Pre-Qualified Now
Even if you’re not ready to pull the trigger today, getting pre-qualified means you’re prepared to act when the right opportunity presents itself.
We’d love to help you run the numbers and see what today’s market has to offer.
Fill out the form below to get in touch—we’ll help you explore your options and make a move when the time is right for you.
