“I’m just going to wait until rates come down.” I hear that almost every week. It’s a fair instinct. Nobody wants to lock in a rate and then watch rates drop six months later. But the rate is only one number in the decision. While you wait, other things can move too: The price of the home you want Your rent How much cash you need to close How much equity you would have built if you’d already bought Sometimes waiting wins. Sometimes it doesn’t. The only honest answer is to run