It’s Not the Rates, It’s the Readiness: Why Waiting to Buy Is Costing You More

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We’ve all heard the buzz: “Interest rates are too high.” And while that may sound like a legit reason to wait, here’s the truth, waiting is costing folks more than they think.

As of this week, mortgage rates are hovering around 6.8%. Still historically low compared to the 80’s and 90’s. But here’s the kicker: home prices? Still climbing. Inventory? Still tight. And let’s not even talk about the rent increases that come with no equity or ownership.

So what’s the play? It’s not just about the rate, it’s about being ready.

If your credit is shaky, let’s clean it up. If your savings look slim, let’s get creative, down payment assistance, grants, even 2-1 buydowns are back in play. There are ways to make it happen when you’ve got the right team on your side.

Real Talk Moment: Buying real estate is like showing up to a cookout,  the earlier you get there, the better the food (and the seats). If you wait too long, you might still get a plate… but it won’t be the same.