The question often asked is if I buy today, what happens if rates get better? The longer-term forecast is for mortgage rates to improve as we head into the later part of 2025. So, the question regarding what happens if rates improve in the future is certainly appropriate. Unfortunately, many homebuyers who believe rates will improve decide to delay their purchase until rates get better. This is the opposite of the correct approach in this market. Waiting for lower rates will end up costing more money! When mortgage rates improve, and they will, more prospective buyers enter the market. When more buyers enter the market the law of supply and demand comes into play pushing sales prices back up. Yes, the mortgage rate is lower, but you paid more for the property. Your mortgage payment may even be higher than the mortgage payment if you bought at today’s rates. The best strategy is to buy your home today, and when rates improve take advantage of the FDM Free Refinance to refinance your mortgage to the lower rate. The FDM Free Refinance allows you the opportunity to refinance with zero lender fees. You can buy today when the market Is more favorable to buyers. Then refinance without lender fees when mortgage rates improve, and benefit from the increased values when rates drop. Ask your FDM Mortgage Professional about the FDM Free Refinance Program today.
