Waiting Might Not Be the Best Strategy for Homebuying

Home>>Mortgage News>> Waiting Might Not Be the Best Strategy for Homebuying

Despite ongoing housing affordability challenges, many first-time homebuyers are actively entering the market, undeterred by the high prices and tight competition. According to CoreLogic, data shows that while the average income and home prices for these buyers have surged significantly, the drive to own a home remains strong. 

The real estate landscape is often unpredictable, and with potential fluctuations in interest rates, adopting a ‘wait and see’ approach could mean missing out on favorable conditions. Historically, dips in mortgage rates have opened windows of opportunity that aren’t always long-lasting (CoreLogic, 2024). 

A common piece of advice among real estate professionals is to “marry the house, date the rate.” This suggests that if the home and price are right, securing the property is more crucial than holding out for potentially lower rates. Future rate drops, while beneficial, are never guaranteed, and the current market dynamics reinforce this viewpoint. Should rates decrease later, refinancing is an option that can reduce your payments, making this strategy particularly appealing. 

So, What Can Geneva Financial Do For You? 

Every homebuyer’s situation is unique, and what works for one might not suit another. If you’re hesitant about moving forward due to interest rates or other financial concerns, it might be worthwhile to discuss your options with a professional. At Geneva Financial, our loan officers are equipped to guide you through these considerations, helping you make a decision that aligns with your personal and financial goals. 

First Time Home Buyer Programs 

At Geneva Financial, we’re proud to offer a comprehensive suite of loan options tailored for first-time homebuyers. Our portfolio includes the FHA loan, which features a lower down payment and more flexible qualifying criteria, making homeownership more accessible. Additionally, are you aware of our Down Payment Assistance (DPA) loans? These are designed to help cover your down payment costs, ensuring that financial barriers don’t keep you from your dream home. If saving for a down payment seems daunting, don’t worry. Our local loan officers are here to discuss the various programs available and find the one that best suits your needs.  

Connect with Us 

Don’t let uncertainty hold you back. Reach out to a Geneva Financial loan officer today to explore your options and find out more about how we can assist you in navigating this complex market. 

Curious to see what your loan payment could look like? Try our interactive mortgage calculator below:

House Payment Calculator:



Conventional Loans


FHA Loans

USDA Loans

VA Loans

Jumbo Loans

Reverse Mortgage

Homes for Heroes & First Responder Mortgages

Doctor Loans

First-Time Homebuyers

Down Payment Assistance

FHA Condo

Renovation Loans

Arizona Programs


Kyle Best

Kyle Best graduated from Eastern Kentucky University in the Spring of 2020 with a major in Business Management and a minor in Banking and Financial Services. Kyle also grew up in central Kentucky and is starting as a new Loan Officer for Geneva Financial.

Contact us Today!

Feel free to contact us if you have any questions or would like a second option on your existing mortgage.