Over the past few weeks I have had several clients say that they want to wait for rates to drop again…or for prices to drop again. We have become so spoiled to the current rate environment. A couple of years ago, it was unreal for rates to be below 6% on a 30 year fixed. Now, we are talking about the low 4’s. The truth is, an 1/8th lower in rate really doesn’t matter too much. On a loan amount of $150,000, the difference in payment from 4.25% to 4.125% is only $10 per month. Playing the waiting game can create unnecessary stress in the buying or refinancing process. My advice to my clients is to lock when they are comfortable with the payment. Don’t let the pride of having the lowest rate on the block create stress. If the payment fits your budget and you are comfortable, lock in. Move on from the rate and enjoy the process of buying your home.