Top 3 Reasons Why You Shouldn’t Wait to Buy a Home (Even if Interest Rates Aren’t Perfect)

Thinking about buying a home but holding off because of interest rates? Here’s why delaying your plans could cost you more in the long run. Whether you’re upgrading your family’s space or moving to a new city, don’t wait—discover why now is still a great time to buy a home!

1. Home Prices Are Still Rising — Don’t Expect a Drop Soon

Despite expectations for market corrections, median home prices in March 2025 hit around $408,000, a 4.1% increase compared to March 2024. With limited housing inventory and high demand, prices are likely to continue climbing. Waiting might mean paying more later.

Source: NAR March 2025 Housing Statistics

2. Interest Rates Are Still Manageable—Now’s a Good Time to Lock In

Mortgage rates are hovering around 6.3% to 6.5% for a 30-year fixed mortgage, according to Freddie Mac’s April 2025 Weekly Primary Mortgage Market Survey. These rates are fairly moderate by historical standards. Waiting for a significant drop might not be worth the risk, as experts anticipate rates will fluctuate rather than decline sharply anytime soon.

Source: Freddie Mac Weekly Primary Mortgage Market Survey, April 2025

3. You Can Refinance When Rates Drop Again

Buying a home today doesn’t lock you into your current interest rate forever. If mortgage rates decline later this year or next, refinancing can help lower your monthly payments and save thousands over the life of your loan.

Source: What Does "Date the Rate, Marry the Home" Mean?

Don’t wait for the “perfect” moment—take the first step towards homeownership now. Life moves quickly, and so do real estate markets. Talk to Premia, get pre-approved, and seize this moment! Your dream home—and your future—are waiting.