Date the Rate, Marry the House

If you've been thinking about buying a home but feel hesitant because of interest rates, you've probably heard the phrase, "Date the rate, marry the house." But what does that really mean, and why is it important?

This saying is a simple way to remind buyers that interest rates are temporary, but the home you choose is long-term. When you buy a house, you’re investing in a place that fits your lifestyle, meets your needs, and becomes your home—something you’ll build memories in for years to come. Interest rates, on the other hand, fluctuate over time, and you always have the option to refinance later when rates drop.

Why does this matter in today’s market?

Even with higher interest rates over the last year or so, great homes at Bear Lake are getting snatched up as the market is still competitive. If you wait too long for rates to drop, you may miss out on the perfect place. If you secure a home now and interest rates go down in the future, you can refinance to lock in a better rate then.

Plus, property values tend to appreciate over time, so even if you start with a higher rate, you're still building equity. Plus, with Bear Lake’s popularity, homes here remain a great investment.

The bottom line? If you find the right home, don’t let interest rates hold you back. Focus on securing the perfect Bear Lake retreat, and when the time is right, you can always adjust your mortgage rate. Let’s find your dream home now so you can be ready to enjoy Bear Lake to the fullest by summer!