Should I wait for lower interest rates?

Should I wait for lower interest rates?

The biggest misconception we hear about buying right now is that it’s smart to wait for interest rates to come down.

If you wait for lower interest rates, that will also mean much greater buyer demand and more competition when purchasing a home. Remember when interest rates were lower? Increasing home prices and multiple over-asking offers. In the current market, there are opportunities for buyers to negotiate.

Don't let higher interest rates stop you from purchasing your dream home. There are options to help reduce your interest rate and monthly payment to purchase a home now. Then if interest rates decrease in the future, you can refinance and get a lower interest rate.

If you know you’re ready to buy, you need us and a trusted lender who can help you understand what you can afford.

The truth is if you buy at today’s rates, you can always refinance if rates drop. But if you wait with the hope of rates coming down, you can't go back and borrow at today's rates if that doesn't happen.

Have you been struggling to decide about buying now vs. waiting? DM us, and let’s chat about the current market!