๐ When will rates drop again?! โจ Unfortunately, I don’t have a crystal ball. Their downward trend is a journey that includes fluctuations (like what is happening now). ๐ The majority of homebuyers are waiting for rates to be in the 5s. ๐ฎ A better strategy: purchase now, then refinance when rates have dropped. ๐ Then you can avoid the surge of buyer competition that will inevitably drive home prices. ๐๐ฐ๐ฅ Let’s assess your needs and create a strategy (for now or in the near future).