Buying a Home September 27, 2022

Should You Wait to Buy a House Until Interest Rates Go Down?

Let’s talk about the thing that’s on everybody’s mind nowadays . . . interest rates. 


When you are ready to buy a house, there is always the question of whether or not it makes sense for you to wait until interest rates go down. Fortunately, I’m seeing some buyers getting used to the interest rates and starting to look to purchase now. It’s incredible how the mindset of buyers has shifted. 


They’re thinking, okay, I’ll marry the house, but only date the interest rate, right? 

Right now, we’re seeing an increased inventory of homes on the market. Buyers have a fantastic selection out there to choose from. This is great because you can find more of a home that truly fits your needs. . . A home of your dreams that you can stay in for 5, 10, or 30 years.


If you find the home now and then negotiate good terms with the seller. 


Even though you might have a bit of a higher interest rate right now, those are projected to go down in the next year or two. 


So you can date that rate now and when the rates drop, refinance. Doing this can lower your payment. 

I hope this was helpful. 


Please reach out to me if I can help in any way. I love to answer any questions you have.