Mortgage Minute: The Cost of Waiting for Mortgage Rates to Drop

There is lots of talk amongst house hunters about putting the search on hold until interest rates come down. With a drop in rates there is always an influx of buyers and without more inventory to offset those new buyers (or returning buyers) that means bidding wars and escalating sales prices… Here Ruby illustrates how waiting for a lower rate in this market can end up costing you more than you’d guess…

Watch the video to learn more