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.
đź’ˇ 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
ZippyHomeLoans is the social media handle for Shalinee Bhardwaj-Sr Mortgage Loan Officer (NMLS#2037610). Broker-Ensure Home Loans LLC NMLS#1666674. This is not a commitment to lend. All loans are subject to credit approval and underwriting guidelines. Rates and terms are subject to change without notice. Programs may vary based on borrower qualifications.
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