08/27/2026
If you have been sitting on the fence waiting on rates to drop since 2023, let's look at what that has actually cost you(numbers are approximate and will vary). If you bought a home in 2023 for 200k, that home today is probably worth 230-240k. Even if you had made a minimum down payment of 3.5%($7000) plus the principal you have paid down over the past 3 years, that puts your total equity position at approximately 45k-55k. What have you gained by renting? Nothing! Nada! Zero! 3 years of paying someone else's house payment, 3 years of lost equity, 3 years of lost home appreciation. What happens when rates do drop? More buyers enter the market, which means more people bidding on the same houses, which drives prices up even higher. So yes, you may get a lower rate, but if you pay more for the house you did not gain anything by waiting! Buy the house now. Refinance later if it makes sense!!! Call me and let's discuss your options!!!!
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