Should I wait to buy a home in James Island until rates drop?

Waiting for rates to drop before buying on James Island means betting on a future you can't control while continuing to pay rent in the meantime, and a lower rate later can also mean more competition and higher prices once other buyers make the same bet. Buying now and refinancing later if rates fall is one way to hedge that risk. Brian Beatty can walk through both paths against a specific James Island budget.