Maximize Your Mortgage Opportunities: Act Now, Don't Wait for Rates to Drop

Experts advise against waiting for mortgage rates to drop before buying a home, as there are compelling reasons to act now. The current rates may represent a new normal, and future lower rates could be accompanied by higher home prices. It's recommended to focus on finding the right home rather than waiting for the interest rate environment to change. However, if rates do go down in the future, refinancing could be an option. It's important to secure a fixed rate mortgage with a payment you can afford based on current rates and to monitor the rate environment for potential refinancing opportunities.