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Posted on 5/8/24 at 10:15 am to Commandeaux
quote:
Wait until rates come down next year if you're lucky.
This is what we're doing because home prices in our area continue to go up, but if that's not the case where OP lives and they find a place they like at a price they're happy with they should consider it.
When buying a home the only thing you're truly locking in is the price of the home. The rate you pay can be changed.
Posted on 5/8/24 at 2:36 pm to Commandeaux
quote:
Wait until rates come down next year if you're lucky.
rates might go down, but the price of the houses will probably go up. he can always refinance for the lower interest rate if he buys today.
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