Should You Wait for Rates to Drop Before Buying in Arizona?
You’re staring at mortgage rates, wondering if you should wait for them to drop. Meanwhile, your rent keeps climbing, and you’re watching potential homes slip away. So you’re caught between two fears: locking in a rate that feels too high or waiting too long to buy. Here’s what makes this decision complicated: Interest rates are only one piece of the puzzle. You’re also weighing home prices, what you’re currently paying in rent, and how long you’re willing to put your life on hold. The truth is, there’s always a reason to wait, and there’s always a reason to buy now. Let’s break down what you’re really choosing between. The Hidden Cost of Waiting for Lower Rates Here’s what waiting actually costs you in Arizona’s market. If you’re paying $1,800 monthly…