In this YouTube monologue, real‑estate professional Jay Quigley addresses the common belief that prospective homebuyers should wait for mortgage rates to fall before purchasing. He cites a recent survey showing that 41% of buyers who delayed their purchase later regretted waiting. Quigley explains that ongoing economic pressures—such as inflation and global events—are likely to keep rates elevated, making a significant drop unlikely in the near term. He advises viewers to consult a trusted lender to review current rate options and to make a purchase only when the numbers align with their personal financial situation, emphasizing that understanding one’s options is valuable even if they choose to wait.
Chapters
With the recent interest rate hike and affordability this tight, waiting for mortgage rates to come down can feel like your only real shot at buying a home. A lot of my buyers feel that way right now. The thing is, waiting doesn't always work out the way you'd hope. In fact, according to a recent survey, 41% of buyers who waited for lower rates wished they had gone ahead and bought sooner. Why? Here's my theory. With everything happening in the economy, inflation, and global events, there's a lot impacting rates, and all that could actually push them a bit higher. So a big drop is unlikely to come anytime soon, and holding out longer may not pay off the way you'd like. A trusted lender can lay out your options at today's rates and help you plan your mortgage to get the best rate you can. You certainly don't have to buy now, and I believe you should only move when the numbers make sense and it will work for you. But what's the harm in knowing your options? With the recent interest rate hike and affordability this tight, waiting for mortgage rates to come down can feel like your only real shot at buying a home. A lot of my buyers feel that way right now. The thing is, waiting doesn't always work out the way you'd hope. In fact, according to a recent survey, 41% of buyers who waited for lower rates wished they had gone ahead and bought sooner. Why? Here's my theory. With everything happening in the economy, inflation, and global events, there's a lot impacting rates, and all that could actually push them a bit higher. So a big drop is unlikely to come anytime soon. And holding out longer may not pay off the way you'd like. A trusted lender can lay out your options at today's rates and help you plan your mortgage to get the best rate you can. You certainly don't have to buy now, and I believe you should only move when the numbers make sense and it will work for you. But what's the harm in knowing your options?
