Blog Post
June 5, 2026
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June 5, 2026
Why "I'll Wait for Rates to Drop" Is Becoming a Riskier Strategy
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A lot of buyers are sitting on the sidelines waiting for rates to drop. After this week, that bet just got harder.
The May jobs report blew past expectations. 172,000 new jobs versus 85,000 expected, with prior months revised higher too. That is the third labor reading in a row pointing to a strong economy. Good news overall, but strong data pushes bonds lower and mortgage rates higher.
So why does this matter for buyers waiting on lower rates? Because the Fed isn't cutting anytime soon. Their next meeting is June 16-17, and they are widely expected to hold steady. A strong economy gives them no reason to rush.
Meanwhile, the housing market itself is healthier than most people realize. Purchase applications are running 7% above last year. Inventory is still below pre-pandemic levels in 35 states, which keeps a solid floor under home values. Buyers waiting for prices to drop are waiting for something the data doesn't support.
Here is what is actually working: buying the right home now and refinancing later if rates improve. Many buyers who purchased in 2025 were able to refinance 0.5% to 0.75% lower earlier this year before the war started. They didn't time the rate. They timed the home.
The buyers in the strongest position right now aren't the ones watching rates every day. They are the ones who found the right home and made their move.
If you want clarity on what buying could look like for you this year, we’re happy to walk through the numbers anytime.
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Source: Keeping Current Matters
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Keeping Current Matters is a trademark of Keeping Current Matters, Inc. CrossCountry Mortgage, LLC; its subsidiaries; and its affiliates have not been authorized, sponsored, or otherwise approved by Keeping Current Matters, Inc. or any of the above-mentioned companies.
