Waiting for Lower Rates Could Cost You More Than You Think

One of the biggest myths in real estate right now is that buyers should wait for mortgage rates to fall dramatically.

The reality?

Most forecasts show rates staying around 6% for the next 5 years, not returning to the 3% range many people remember.

While some buyers wait for a "perfect" rate, home prices continue to move higher, equity continues to build for current homeowners, and opportunities come and go.

Here's what I tell my clients:

✅ You can refinance a mortgage later.

✅ You can't go back and buy today's home at yesterday's price.

✅ The right home for your family may be available now, not years from now.

Many buyers are surprised to learn there are financing strategies available today that can help secure rates around 5%, often with little or no additional cash out of pocket through seller concessions, lender programs, and rate buydowns.

The question isn't:

❌ "Should I wait for rates to hit 3% again?"

The question is:

✅ "What is waiting costing me in home prices, equity, and quality of life?"

If you've been thinking about buying, let's run the numbers together and see what options are available.

📲 Brandon Larson
Global Real Estate Advisor
Engel & Völkers Dallas Lakeside
📞 940-304-6300

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