Holding Out for Lower Mortgage Rates? Here's Why That Could Backfire

Holding Out for Lower Mortgage Rates? Here's Why That Could Backfire

There's a reason so many potential home buyers have been frustrated with this year's housing market. Not only have home prices been sky-high, but over the past nine months, mortgage rates have been climbing steadily. If you're looking to purchase a home, you may be thinking it's best to put that plan on hold and wait for mortgage rates to drop.