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Is it a good time to buy a house, OR should you wait until mortgage rates fall? If youāre buying a rental property or even a primary residence, a drop in mortgage rates could save you hundreds of dollars a month, but is it worth the risk to wait if home prices rise? This is a constant question weāre asking ourselves at BiggerPockets, so we did the math, calculating how much money weād save IF we waited to buy in 2025.
Weāre using average home prices and mortgage rates, so this calculation could be exactly what youāre looking at for your next real estate deal. The problem? What if rates DONāT end up going down, and prices rise anyway? Is the potential savings worth the risk youāre taking with home prices forecasted to jump over the next year?
Donāt worry; we ran the calculations, so you donāt have to! But you can try them yourself with our free mortgage calculator here: link