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The cost of waiting depends on both price and financing

Eric describes buyers who waited for a lower rate while home prices increased in their markets. His example shows why a waiting plan should consider several moving parts, rather than one rate target.

By Eric Hamilton · Published October 6, 2026

Originally uploaded October 29, 2025 · 0:51 · Watch on YouTube

Written companion added October 6, 2026. Adapted from Eric’s video captions with source checks; not a word for word transcript. The recording retains its original date.

Compare combinations, not a single forecast

A lower rate on a more expensive home may not create the savings you expected. A lower price with a higher rate can also change the result. Test different price and rate combinations using the same down-payment assumptions, then include the ownership expenses beyond principal and interest.

Measure what waiting accomplishes for you

During a delay, you may increase savings, reduce debt or learn more about where you want to live. Account for those benefits alongside rent and possible changes in purchase cost. Future appreciation is uncertain, so a forecast of higher prices cannot by itself establish that waiting is wrong.

Can I calculate the exact cost of waiting today?

Only under stated assumptions. Compare scenarios, then revisit the plan when actual prices, quotes or your financial circumstances change.

Sources and scope

Published October 29, 2025. The Illinois price observations and outlook for rates in the 4% range belong to the original October 2025 commentary.

  1. Freddie Mac: Mortgage rates and affordability Accessed October 6, 2026
  2. CFPB: Consider whether it is the right time to buy Accessed October 6, 2026

General education, not a loan quote, approval or an individual recommendation. Ask the appropriate professional about your situation.

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