“I’m just going to wait until mortgage rates drop…”
It’s one of the most common things we hear from buyers right now. And it makes sense—no one wants to overpay. But if you’re hoping for a big drop in rates before making a move, you may want to rethink that strategy.
According to the latest expert forecasts, mortgage rates are expected to remain fairly steady into next year. After the ups and downs of the past few years, this type of stability is actually great news—it allows you to plan with more confidence.
Why Waiting Might Not Pay Off
It’s tempting to believe that if rates fall, you’ll get a better deal. But here’s the catch:
If mortgage rates do drop significantly, demand is expected to surge, and home prices will likely rise just as fast—if not faster.
So you might save on interest, but you’ll pay more for the home itself. Plus, you’ll face steeper competition in an already tight housing market.
A Smarter Strategy: Rent the Rate, Own the Home
One approach we’re recommending right now is this:
Buy the home you want today—and refinance later.
Many buyers are choosing to “rent the rate” for a year or two, locking in a home they love now, with plans to refinance once rates improve.
This gives you the advantage of building equity sooner while avoiding the rush of future buyer competition.
Let’s Explore What’s Possible
There are always opportunities in real estate—it’s just a matter of strategy and timing. If you’re thinking about buying, don’t hit pause based on headlines alone. Let’s talk about what’s truly possible in today’s market and explore options that fit your needs now and long-term.
I’m here to help you move with clarity, not uncertainty. Reach out anytime.
