One of the most common objections home buyers provide is this: “I want to wait to get qualified because I need to pay off my credit cards first.” On the surface, that sounds financially responsible. Reduce debt. Strengthen finances. Then purchase a home. But there is a critical distinction that often gets overlooked: Is paying…
Right now, millions of potential homebuyers are waiting. According to housing data, nearly 20–24% of homeowners already have mortgage rates above 5%—and many are keeping an eye out for refinancing opportunities. On the buying side, surveys show that first-time buyers believe they’ll only be comfortable jumping in once rates dip into the low 6% range…