If you’ve been house hunting lately, you’ve probably heard the phrase “date the rate, marry the house.” But what does it actually mean?
It Means: Buy the Right Home—Worry About Interest Rates Later
🏡 The house is the long-term investment. A home is where you build your life, and home prices historically go up over time.
📉 Interest rates, on the other hand, are temporary. You can refinance later when rates drop—but if you wait to buy, you might miss out on the perfect home (or end up paying more as home prices rise).
Why This Strategy Works
✅ You’re Building Equity – The sooner you buy, the sooner you start growing your net worth.
✅ You Avoid Rising Home Prices – If home values go up, waiting could cost you more than a higher interest rate.
✅ You Can Always Refinance Later – When rates drop, you can refinance and lower your monthly payment.
If you’ve found the right home and can afford the payment, don’t let interest rates hold you back. Rates change—your dream home won’t wait forever!