10/31/2025
Yes, I’m lookin’ at you. 👀 Because if you’re waiting for interest rates to drop even more, here’s the good, bad, and downright ugly about that 👇
The Good:
Sure, a slight dip in interest rates could lower your monthly mortgage payment.
The Bad:
As rates go down, realize you’re not the only one who has been waiting for this to happen. Other Columbia buyers will begin flooding the market, which means more competition (think back to the days when we had multiple offers, resulting in homes selling for way over list price).
The Ugly:
Buyers that have decided to "wait out the market" are missing out on a great opportunity. With the current limited buyer pool, sellers are more willing to negotiate - thus giving buyers some power. And homebuyers need to remember there's always an option to potentially refinance!
Bottom line: waiting now could actually cost you more later.
Call or text me and let's talk through what would be the best option for you: (573) 808-5558.
- Kelsey
