Helping you buy and sell real estate in Boulder County and beyond
“Marry the house, date the rate” is a common phrase in the housing
industry, especially since mortgage rates have risen throughout 2023.
But it’s not just a phrase; it’s a strategy too.
It’s simple: Focus on finding your dream home — the one you want to
live in for the long haul — and treat today’s higher rates as a
temporary path to get there. Then, you can commit to refinancing once
interest rates drop.
While this is a logical approach for some homebuyers, it’s not the
right move for everyone. Consider these pros and cons before using the
Pros Typically, the biggest advantage of the
“marry the house, date the rate” approach is that you get to buy the
home you want now instead of waiting months or even years for rates to
drop. If you’re ready to settle down, this might be the only goal that
You may also see less competition from other buyers (due to higher
interest rates), and becoming a homeowner sooner will help you start
building equity in the home.
Cons One of the main downsides is that you
don’t know when rates will drop, so you could be stuck with your higher
rate (and payment) for a while.
And refinancing isn’t free. The average cost to refinance is about $2,375 plus taxes
— usually 2% to 5% of the loan principal, like closing costs. If
there’s any chance you may not stay in the home long term, it might not
feel worth it.
If you’re ready to find your dream home — or if you need help
deciding if now’s the right time to buy — reach out so we can discuss