One of the most common questions I get is whether it is better to buy a home now or wait for a better time. The problem is that many people hope that waiting will lead to lower interest rates or a drop in property prices. The challenge is that as rates go down, buyer competition usually goes up, which can drive prices higher.
Waiting for lower rates might mean paying more for the same house later.
Buying now allows you to start building equity and paying down your principal immediately.
And if rates do drop in the future, you may have the option to refinance at that lower level.
If you want to look at the math for your situation, I can help.