Frequently Asked

Should I wait for interest rates to drop before buying a home in Austin?

Buyer GuideBy Laurel Seymour

Quick Answer

Waiting for lower rates often backfires, since home prices and rates don't always move favorably together — a lower rate later on a higher price can cost more per month than a higher rate now on today's price. Refinancing is a well-established option if rates do fall after you buy, which is why many buyers proceed when their own timeline is right rather than trying to time the broader rate market.

Portrait of Laurel Seymour, founder of Seymour Realty Group

Laurel Seymour

Austin Realtor · TX License #617201 · About Laurel

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