Rent Your Interest Rate
Should You Wait for a Lower Interest Rate?
One of the most common questions I hear from buyers is, “Should
I wait for interest rates to go down before I buy?”
It’s a fair question — after all, everyone wants the best
possible deal. But here’s the perspective I always share:
You’re buying a house — but you only “rent” your interest
rate.
What does that mean? When you buy a home, you’re locking in
your property, your neighborhood, your lifestyle — the place you’ll live and
make memories. But your mortgage rate? That’s temporary. You can always
refinance when rates go lower.
Waiting for the “perfect” rate can backfire. While you wait,
prices may continue to rise, and you could lose out on the right home in the
right location. And if rates don’t drop — or worse, if they go up — you’ll have
missed your chance to lock in before costs climb higher.
Here’s the simple truth:
If you find a home you love and it fits your budget today, that’s the time to
move forward. You can change your rate later — you can’t always change the
market or find that same home again.
So don’t sit on the sidelines waiting for the market to shift. Buy the house, rent the rate, and refinance when the time is right.
Thinking about buying or selling a home in Connecticut? I'm here to guide you. Whether you're searching for the right place to call home or preparing to put your property on the market, it's more than just a transaction — it's a journey.
I'd be honored to take that journey with you.
Let’s talk.
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