Do This While You're Waiting for Rates to Decline

With high inflation and high mortgage rates, many prospective homebuyers and sellers are trying to figure out what to do. Many buyers may want to wait to see if mortgage rates drop before making a home purchase.

But buyers and sellers don't need to put everything on hold until interest rates reverse. However, they can start now to they take steps to improve their financial situation and position themselves to qualify for the best possible rates in the future.