Is Now a Good Time to Buy or Refinance?
When mortgage rates move, one of the most common questions I hear is: “Should I buy or refinance now, or wait?” The truth is — it depends on your personal goals and timing.
Why Some Buyers and Homeowners Are Acting Now
After the Federal Reserve’s expected rate cut in mid-September, rates have dipped slightly from recent highs. Even a small reduction in your mortgage rate can mean thousands saved over time. For homeowners, refinancing into a lower rate may recoup closing costs faster than you think — especially if you plan to stay in your home for several years.
Buyers are also weighing inventory. If you’ve found a home you love, locking a rate now could make sense before demand picks up or prices shift further.
Why Some Are Waiting
Others hope rates will continue to drop. If you’re flexible on timing and not rushing to move or refinance, waiting could open the door to better terms — but it’s not risk-free. The market can change quickly, and waiting might mean missing out on the right house or watching rates rise again.
How to Decide What’s Best for You
The right move depends on:
How long you’ll keep the home — refinancing pays off faster the longer you stay.
Your monthly budget goals — a slightly lower rate can create meaningful savings.
Housing inventory in your area — good homes don’t always wait.
If you’re unsure, let’s run the numbers together. A personalized mortgage review can help you understand the break-even point on refinancing or your buying power in today’s market.
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