Buy Now or Wait and Save? Tips from Tracy Shaw of Prestige Capital
Interest rates have stabilized, down to the lowest rates we’ve seen since February 2023. Still, many potential buyers are asking, “Is now a good time to buy a home?”
Why Buy Now?
If you’re in a good financial position to buy a home now, and you have a property in mind that meets your expectations, then the answer may be yes. Here are a few points to consider.
- The national average for 30-year fixed-rate mortgage was 6.25% as of January 21, 2026.
- If you purchase a home now, you will immediately start building equity.
- In many communities, it’s considered a “buyer’s market.” When more homes are available, potential buyers have more leverage to negotiate the deal.
- If you plan on staying in the home for an extended time, you can consider refinancing if rates drop significantly in the future.
Is it Better to Wait?
If you feel you can pay down debt and improve your credit score, it may make sense to wait.
- Improving credit scores can save thousands of dollars in interest, especially if you cross a threshold to a higher credit score tier.
- Paying down debt lowers your debt-to-income (DTI) ratio. DTI compares your monthly debt payments to your gross monthly income. By reducing or eliminating debt, your loan terms may improve.
All in all, buying a home is a very personal decision. I encourage all potential home buyers to come in for a free consultation to create their action plan for success.
My team and I specialize in providing customized loan analyses to help homebuyers find the right loan program for their unique scenario.
Best regards,
Tracy Shaw
President NMLS # 913749 | CalBRE # 01894272
Direct Line: 626.758.0588
Prestige Capital Inc.
41 E Live Oak Ave, Arcadia 91006
Helping clients achieve home ownership with expert lending solutions and personalized guidance.
