The Interest Rate Reality: How to Make Your Move Even if Rates Aren’t Perfect

Written by Gillian Gooch • August 14, 2025

If you’ve been thinking about buying a home but feel hesitant because of today’s interest rates, you’re not alone. I hear it from clients every week: “I’m just going to wait until rates come down.”

Here’s the truth I share — the right time to buy isn’t always about the numbers on paper. It’s about your life, your needs, and your goals. And in many cases, waiting can actually cost you more.

Rates Can Change — Home Prices Usually Go Up

When interest rates drop, demand for homes typically spikes. That increase in demand often pushes home prices higher, meaning you could end up paying more for the same home later.

You can always refinance your mortgage to take advantage of a better interest rate — but you can’t go back in time and lower the purchase price you paid.

Refinancing Can Save You Money

One of the smartest strategies? Buy now, and when rates drop, refinance with the same lender you used for your purchase. Many lenders offer reduced fees or streamlined refinancing for their existing clients. That means you can get the benefit of a lower monthly payment without paying the full cost of a brand-new loan process.

Why Buying Now Might Be the Best Move

• Lock in today’s prices before market competition drives them higher.

• Start building equity now instead of waiting on the sidelines.

• Refinance later for a better rate and lower monthly payment.

The bottom line: don’t let today’s rates stop you from taking the next step toward the home and life you want. The sooner you start building equity, the sooner you move closer to your long-term goals.

Trust the process, trust God’s timing, and remember — the right move is the one that fits your life today.

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