To wait or not to wait for lower mortgage rates

Home shoppers are debating whether to buy now or wait for lower mortgage rates. Delaying could lead to increased competition and higher prices. Some buyers are focusing on finding affordable homes now and plan to refinance later. Bidding wars are still happening, but inventory is increasing in some areas. Builders are cutting prices and offering incentives to attract buyers. Proposed changes to real estate agent commissions may impact buyers and sellers in the summer.