Waiting for lower mortgage rates can be risky, as competition may increase if rates drop, potentially raising home prices.
Experts advise buyers who can afford the monthly payments to move forward rather than timing the market.
The next FOMC meeting in December 2025 carries about a 53% chance of another rate cut, with probabilities subject to change.
Economic and employment data will continue to influence Fed decisions, making future rate movements uncertain.
Buyers need to weigh the potential benefits of waiting against the risks of higher competition and rising home prices.