Why Waiting for Interest Rates to Fall Doesn’t Always Help Hampton Roads Buyers
Hello Hampton Roads, Does Waiting for Interest Rates to Fall Actually Help Hampton Roads Buyers? 🤔 *Quick Answer: Sometimes — but only if you move quickly. Lower rates can improve affordability in the short window before the market reacts. But the longer rates stay low, the more buyers re‑enter the market, competition intensifies, and prices rise. Those price jumps often cancel out — or exceed — the affordability edge created by the lower rate.
