Recently, the Feds kept interest rates where they were. That means they did not lower as many people had hoped and are expecting to happen in 2024. At the end of April, mortgage rates hit 7% for the first time in 2024 and no one knows when the rates will drop.

So, if you're waiting for rates to drop to purchase a home, is that a good strategy, or are you missing an opportunity that down the line, you might regret?

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