09/22/2026
Trying to time the market might actually cost you more… and this is exactly what I mean. 👀🏡
“I’ll just wait until rates come down.”
Okayyy, but here’s the catch: when rates drop, more buyers tend to jump back into the market. More competition can mean higher home prices, fewer seller concessions, less negotiating power and multiple-offer situations.
Here’s how that can look:
$500K home at 7% → approx. $4,200/month
vs.
$600K home at 5.875% → approx. $4,700/month
And YES — these numbers include principal, interest, property taxes, homeowners insurance AND PMI. We’re not doing those cute little principal-and-interest-only payments over here. 😂
A lower rate doesn’t necessarily mean a lower payment if the house you could’ve bought today costs $100K more by the time rates finally come down.
The goal isn’t to perfectly time the market. It’s to buy when the house, payment and timing make sense for YOU. And if rates improve later? Refinancing may be an option.
Moral of the story: I should probably just go ahead and buy the house I fell in love with yesterday. 😂
And if you’ve been sitting on the sidelines waiting for rates to drop, DM me “BUY” and let’s run the numbers on what buying now could actually look like for you. 🏡🔑
Chelsea Spence | Realtor
Compass
📲 813.416.3908
💌 [email protected]
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