09/20/2026
WAITING FOR RATES TO "COME DOWN A BIT" IS A STRATEGY.
It’s just not always a winning strategy.
Our Sunday Funnies version is exaggerated for effect — but the idea behind it isn’t.
We’ve seen what can happen when lower rates bring more buyers into the market. During the pandemic, historically low mortgage rates helped fuel extraordinary buyer demand. Bidding wars became common, homes frequently sold above asking price, and cash buyers were very much part of the competition.
Does that mean the same thing will happen the next time rates fall? No. Every market is different, and rates are only one piece of the equation.
That’s really the point.
If you need more room — twins, parents moving in, or you’ve simply outgrown your house — waiting for the “perfect” rate may not fit your life. Life doesn’t pause for the housing market.
And the interest rate isn’t the only part of the equation. First-time buyer programs, VA and USDA loans, down-payment assistance and other financing options can change the numbers considerably.
And don’t overlook seller concessions — closing-cost assistance, rate buydowns, repairs and other negotiated terms can all be part of putting a deal together.
So if you’re watching rates and wondering whether you should wait, look ahead first.
A plan beats a pause.
It’s never too late to talk to Kate.
Kate Porras, REALTOR®
RE/MAX 4000
970-985-8555
