If you’re waiting for mortgage rates to drop before buying a home, you’re not alone. But waiting for the “perfect” rate doesn’t always pay off.

In fact, 41% of buyers who waited say they wish they had bought sooner, before rates and home prices increased again.

Mortgage rates are influenced by factors like inflation, the economy, and global events, so there’s no guarantee they’ll move lower anytime soon.

That doesn’t mean you need to buy right now. The right time to buy is when the numbers work for your budget and your goals.

Before putting your plans on hold, talk with a trusted lender about your options. You may be surprised by what’s possible at today’s rates and what strategies could help make homeownership more affordable.

Don’t wait for the perfect rate. Know your options and make the decision that works best for you.