📉 The Cost of Waiting for Rates to Drop VS Buying Now & Refinancing Later 📈

[Marcus Adam]

Many buyers are sitting on the sidelines waiting for interest rates to fall… but waiting could cost you BIG. Here’s why ⬇️

👉 Scenario 1: Buy Now
 • Home Price: $400,000
 • Interest Rate: 6.75%
 • Monthly Payment (Principal & Interest): ≈ $2,594
 • If rates drop to 5.5% next year, refinance and payment falls to ≈ $2,271

✅ Bonus: You’ve already been building equity and benefiting if home prices rise.

👉 Scenario 2: Wait for Rates to Drop
 • Same Home, 12 months later
 • Rates: 5.5%
 • But Home Prices ↑ 5% (conservative estimate) → $420,000
 • New Monthly Payment: ≈ $2,389

⚠️ By waiting:
 • You pay $118 more per month than if you bought & refinanced.
 • You miss out on $20,000 in appreciation/equity gains.

📊 The Truth:
 • Nobody can time the market perfectly.
 • The smart play: Buy the right home now, start building wealth, and refinance when rates improve.