When Buying a Home in 2024, You have Two Options.
1) Wait until interest rates drop and see what kind of home you can get.
OR
2) Buy the home that’s right for you now and refinance down the line
If you’re at a point in your life where you’re ready to buy a home, and it makes sense, the equity you build can make it worth the higher initial rate.
Insider Tip: Remember that you’re not married to your interest rate. When rates drop, you can refinance your mortgage and win TWICE: A lower rate and a home that’s building your financial future through equity growth!