Everyone: ‘I’m going to wait until rates drop to look at buying a home.’ Everyone: ‘I can’t compete with all these cash offers above asking price, I’m going to wait until there are fewer buyers.’ People buying now: ‘I’m going to buy while everyone is waiting for rates to drop. I know that right now I can get a seller to pay for my closing costs on top of a rate buydown. Then when rates drop I can just refi when everyone else is tripping over each other trying to buy’ www.ShopHomeLoans.com