01/13/2026
Patience is a virtue… so, I’ve been told
When it comes to real estate, patience can be costly!
If you are a home buyer and are waiting for rates to get even better, it’s a risk
Conservatively, homes appreciated by 2.4% in 2025.
That would mean that a home valued at $1.5M even at 2% appreciation would go up in value by $30K.
If the rate that is available for 80% financing ($1.2M loan) is 6% , the mortgage would be $7195/mo
If you’re waiting for the rate to hit 5.5%, the mortgage would go down to $6813/mo – savings of $381/mo = $4578/yr
If you’re waiting for the rate to hit 5%, the mortgage would go down to $6442/mo- savings of $753/mo = $9038/yr
The appreciation of $30K offsets the savings from these lower rates.
It’s ideal to buy now, then refinance as rates drop.
You can in most cases, refinances after 6 months of holding your mortgage!!
Reach out to me and I will create a cost of waiting analysis for you specific to the zip code you are buying with historic appreciation and current rates.
If you are contemplating refinancing, I wouldn’t wait either.
Mortgage rates are affected by so many factors; international markets, political turmoil, inflation, labor market, and …
If refinancing enables you to save money and it pays for itself within the 12-month window or you are able to shorten the term and save interest over the long term, then I would take advantage of it asap.
You can always refinance again if rates drop further but you don’t want to miss the savings opportunity now.
I can analyze your current rate and give you refinance options and number of months it will take to break even.
Patience might not be a virtue!!
