08/24/2026
BUYER MYTH MONDAY
MYTH: “I’LL JUST WAIT UNTIL INTEREST RATES COME DOWN.”
Maybe they will.
But here’s the part buyers sometimes forget:
If rates come down, you probably won’t be the only buyer who notices.
Lower rates can bring more buyers back into the market. More buyers can mean more competition for the same homes, fewer negotiating opportunities, and potentially upward pressure on prices.
That doesn’t mean you should rush out and buy a house because you’re afraid of what might happen.
It means interest rate alone shouldn’t make the decision for you.
The better question is:
Does buying make sense for YOUR life right now?
Can you comfortably afford the payment?
Do you have enough saved for the costs associated with buying and owning a home?
Are you planning to stay long enough for buying to make sense?
Is there a home available that actually fits your needs?
And does the overall financial picture work for you?
If the answer is no, waiting may absolutely be the right decision.
But if the answer is yes, sitting on the sidelines trying to perfectly time an interest rate can come with its own tradeoffs.
And remember: depending on the loan and your circumstances, a rate may potentially be refinanced later.
You can refinance a mortgage rate.
You can’t go back and buy yesterday’s house at yesterday’s price.
My job isn’t to convince someone that NOW is always the right time to buy.
It isn’t.
My job is to help you understand the market, look at the numbers with your lender, consider your goals, and decide when buying makes sense for you.
Because the best time to buy a home isn’t when somebody on the internet says it is.
It’s when you’re financially and personally ready.
Amy Trahan
Associate Broker
Property Manager
(703) 785-7461
Sutton Tullio Realty LLC
Question of the Week:
If you’re currently thinking about buying, what’s your biggest hesitation—interest rates, monthly payment, home prices, inventory, or something else?