In the News

Don’t Wait to Buy — Buy and Wait

If you’re waiting for the “perfect” interest rate to buy a home, history shows that strategy might cost more than you think.

Let’s take a look back. In 1971, the average mortgage interest rate was 7.33%. If a buyer had decided to hold off on purchasing a home in hopes of a better rate, they would have waited 22 years—until 1993—before rates dipped back below that point.

That’s over two decades of renting, paying someone else’s mortgage, and missing out on one of the most reliable ways to build long-term wealth. During that same period, home values didn’t just go up—they quadrupled. Meaning that same home in 1971 became significantly more expensive by the time rates finally came down.

What’s the takeaway? Waiting for rates to drop can actually push homeownership further out of reach. Instead, consider the long-term benefits of owning now: building equity, securing a home in today’s market, and taking advantage of refinancing opportunities in the future if rates do fall.

At Tim O'Brien Homes, we believe in helping you build a future—not just a home. Our team can guide you through smart financing options that work for your budget today and position you for long-term success.

Don’t wait to buy. Buy and wait.
Because time in the market always beats timing the market.