The “High Rate” Myth That’s Costing Buyers Thousands

There’s a myth floating around — maybe you’ve heard it:

“I’ll just wait until rates drop before I buy.”

At first glance, it makes sense. Why wouldn’t you want to wait for a better deal?

But here’s what that logic misses:

📈 When rates drop, competition skyrockets.

💰 Prices usually climb.

🔥 Bidding wars return.

🚪 And homes don’t sit for long.

In other words, that “perfect storm” of low rates and low prices? It rarely shows up. And when it does, it vanishes fast.

This week, I ran the numbers for a buyer comparing:

• Buying now at a higher rate (with seller credit + less competition)

• Waiting for a lower rate (but expecting a 5–10% price jump)

  
  

Even with the lower rate later, the total cost was higher due to price increases and lost equity growth.

The cost of waiting isn’t just about interest — it’s about what you miss while sitting on the sidelines.

Buying smart right now (with strategy) often beats buying later (with wishful thinking). If you’re on the fence, let’s break down the actual math. You might be surprised at what the numbers show.