Think 7% Mortgage Rates Are High? Waiting Could Cost You More

🏡 Think 7% Mortgage Rates Are High? Waiting Could Cost You More

With mortgage rates hovering around 7%, many buyers are considering hitting pause. But according to loan experts, that strategy could backfire.

📉 Here’s Why:
If rates drop, demand will spike—fast. That could mean bidding wars, fewer homes to choose from, and higher prices. Even with a slightly lower interest rate, you could end up paying more overall.

💡 Why This Matters:
Buying at today’s prices and refinancing later if rates fall could be the smarter long-term play. The best time to buy isn’t when rates hit the news—it’s when you find the right home and the math makes sense for your goals.

📞 Want to explore what that looks like for you? Let’s connect and walk through your numbers together.

Source: Mortgage Professional America