A San Diego REALTOR® said timing the market rarely works for first-time buyers weighing current borrowing costs against the risk of stronger competition later.
If a home fits your budget today, the San Diego guidance was simple: buy when ready and consider refinancing later if rates ease.
Waiting for lower rates could backfire, the San Diego expert said, because falling rates may draw more buyers back and push prices higher.
Current borrowing costs remained elevated, with avg. 30-yr fixed mortgage rates near 7% at the start of Mid-Q3 2026, shaping buyer decisions.
The San Diego takeaway: if homeownership would stretch savings or add stress, renting can remain the smarter choice until finances feel stronger and steadier.
San Diego Buyers Get Timing Guidance
