Is Now a Good Time to Buy or Refinance? Here’s What to Consider
It’s the question that always comes up when rates move:
“Is now a good time to buy or refinance?”
After the Federal Reserve lowered rates in mid-September, many buyers and homeowners started wondering whether to act now or wait. The answer, as always, is: it depends.
1. Your Personal Timeline Matters
Your individual timeline is one of the biggest factors.
If you’re planning to stay in your home for several years, small shifts in rates may matter less than locking in your housing stability now.
On the other hand, if you’re moving soon or planning a short-term stay, timing your rate could make a bigger difference.
2. Your Financial Goals Should Lead the Way
Are you looking to lower your monthly payment, access equity, or move into a different home? Your “why” determines your best move.
For example:
Refinance: If today’s rates still help you save monthly or reach a cash-out goal, waiting could cost you potential savings.
Purchase: With inventory improving in some areas, the right home opportunity may matter more than rate headlines.
3. The Risk of Waiting
Waiting for “perfect” market conditions can backfire. Rates can fluctuate quickly, and inventory can tighten without warning.
Buyers who wait may find fewer options or higher prices once activity picks up again.
Refinancers who delay might miss out on today’s improved terms — especially as lenders update pricing with each rate change.
4. The Smarter Move: Make a Personalized Plan
The best way to decide? Look beyond headlines.
I offer personalized strategy sessions to help you evaluate whether buying or refinancing now aligns with your financial goals.
Together, we’ll review:
How long you plan to stay in the home
Your ideal monthly payment or equity target
Current loan and rate options tailored to your scenario
Bottom Line
There’s no universal answer to “Is now a good time to buy or refinance?”
It depends on your life, your goals, and your timing.
If you’d like clarity on what makes sense for you, reach out — let’s make a plan that fits your goals, not the headlines.
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