“Interest Rates are up. Should I hold off on my home purchase?"
It’s the question I hear the most in today’s housing market. With mortgage rates ticking up, many buyers are understandably concerned about affordability.
The Reality Is:
• If you wait for rates to drop, home prices may continue to rise. In Northern Virginia, there always seems to be a shortage of homes, which causes the prices to be higher.
• If you buy now and rates drop later, you may have the option to refinance. I just did that myself!
The key question isn’t timing the market perfectly—it’s whether the monthly payment works for your budget today.
If you’re thinking about buying and want to talk through your options, I’m happy to help. Let’s make a smart plan that works for you.
Message me anytime with your questions!