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Waiting on Rates?

By Travis Wright, REALTOR®, with eXp Realty

Waiting for rates to drop has a cost too; other ways buyers can sometimes lower a payment.

Show me ways to lower the payment

Share your situation and I'll point you to the ways buyers can sometimes lower a payment.

The quick tip
  • Waiting for rates to drop has a cost of its own.

  • There are other ways to sometimes lower a payment beyond the rate itself.

  • Ask which of them could apply to your situation.

Transcript

Everybody's waiting for rates to drop. But waiting has a cost too, and most people never do that math.

Travis Wright here, with eXp Realty. A lot of folks around Lawton have told me the same thing lately. The rate is too high, so we're holding off. I get it. Nobody wants a payment that keeps them up at night.

But here's what most people don't know. The rate isn't the only lever. Sellers and builders can sometimes help with closing costs, or pay to buy your rate down. That can change your payment more than you'd think.

And if rates do drop later, you can usually refinance. You can't go back and buy the house you passed on. Waiting for the perfect rate is like waiting for the perfect parking spot. Sometimes you just circle the lot.

Reply with the word RATE, and I'll show you a few ways to shrink the payment without waiting.

Rather just talk? Text me at (580) 647-0915

Travis Wright, REALTOR® with eXp Realty

Travis Wright with eXp Realty

I help buyers and sellers in Lawton and the surrounding area with straight answers, honest price ranges, and zero pressure. Ask me anything. Seriously, I like questions.

OK License #206164 · 1146 NW Cache Rd, Lawton, OK · (580) 647-0915

FAQ

Frequently Asked Questions

Does waiting for rates to drop cost anything?

Yes. Waiting has a cost too, and most people never do that math.

Are there other ways to lower my payment?

Yes. The rate isn't the only lever. Sellers and builders can sometimes help with closing costs or pay to buy your rate down, which can change your payment more than you'd think.

What if rates drop after I buy?

You can usually refinance later. You can't go back and buy the house you passed on.

How do I see my options?

Reply with the word RATE and Travis will show you a few ways to shrink the payment without waiting.

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