Should I wait for lower mortgage rates to buy a home in Summerville?

Waiting for lower mortgage rates before buying in Summerville means continuing to pay rent while betting on a future that isn't guaranteed, and a lower rate later often brings more competition and higher prices right along with it. Buying now and refinancing later if rates drop is one way to hedge that bet without losing time in the meantime. Brian Beatty can weigh both paths against a specific Summerville property and budget.