Should I Wait for Interest Rates to Drop Before Buying

This is a question I hear all the time, and my honest answer is: don’t try to time the market. Waiting for the “perfect” rate can mean missing out on the right home or paying more later if prices continue to rise. Historically, real estate has appreciated over time, so while rates may fluctuate, the long-term value of owning often outweighs short-term rate changes.

If rates drop after you buy, refinancing is always an option. The key is to focus on your personal timeline and affordability — if the home meets your needs and the payment fits comfortably within your budget, it’s worth moving forward. In my experience, the buyers who act based on life goals rather than chasing market cycles end up happiest in the long run.