Buying a Home Sooner: Why Waiting Costs You

When evaluating whether to buy now or wait, buyers often fail to tally the cost of waiting: 12 months of rent paid to a landlord, the loss of 12 months of home value appreciation, and missed principal paydown.

Even if mortgage rates drop in the future, you can easily refinance your loan while keeping the lower purchase price you locked in today.

You can refinance a rate; you can never refinance your purchase price.