Should You Wait for Rates to Drop More?

Written by Gillian Gooch • October 9, 2025

It’s the question on almost every buyer’s mind right now: “Should I wait for interest rates to drop more before I buy?”

It’s an understandable thought — after all, who doesn’t want the lowest possible payment? But here’s the truth: waiting for the “perfect” rate can sometimes cost you more than it saves.

When rates dip, more buyers rush into the market. That demand drives up home prices. So while you might save a little on interest later, you could end up paying more for the same home — or facing tougher competition when you find the one you love.

Let’s look at it another way:
You can refinance later if rates drop. But you can’t go back and change the price you pay for your home today.

Buying a home isn’t just about numbers — it’s about finding stability, creating memories, and building a foundation for your future. For most families, the right time to buy isn’t about chasing a rate — it’s about when you’re ready to put down roots and take that next step in faith.

Markets rise and fall, but God’s timing is always steady. When the opportunity and peace align, that’s when it’s time to move.

So instead of waiting for rates to move again, focus on preparing your heart, your finances, and your vision for what comes next. The right home at the right time will come — often when you least expect it.

In faith and service,
Gillian Gooch, Realtor®
Gillian Gooch Properties