Why Waiting for Lower Rates Can Backfire
A lot of buyers say the same thing: “I’m going to wait until rates come down.”
But what happens when everyone else is waiting for the same thing?
In this clip, Chris Chudacoff asks Brenna Van Hoogenstyn what buyers should be thinking about heading into 2027. Brenna explains why buyers need to watch herd mentality, why less competition can create opportunity, and why trying to time the housing market often comes from emotion more than data.
If you can afford the home today and the numbers work, waiting for rates to drop may not automatically put you in a better position because more buyers may jump back in at the same time.
Need help running the mortgage numbers before you decide whether to wait or buy?
Visit truepointlending.com.
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