The Mortgage Rate Wait and See Game: When Caution Becomes Regret The notion that buyers should wait for mortgage rates to drop before making a purchase has become a pervasive mantra in real estate circles.
However, this approach can ultimately lead to buyer's remorse.
According to a recent poll commissioned by Neighbors Bank, 72% of homebuyers have put their searches on hold, waiting for rates to fall, while 41% already regret their decision.