Should I Wait for Interest Rates to Drop Before Buying?

Waiting for lower rates can seem wise, but it’s often better to buy when the right home and price align with your budget. Rates fluctuate constantly, and while refinancing later is an option, missed appreciation or rent paid in the meantime can outweigh potential savings.

In my experience, buyers who focus on long-term affordability and value do best. Timing the market perfectly is nearly impossible. It’s smarter to time your purchase based on your life, finances, and goals — not short-term rate swings.