Barbara Corcoran says Fed rate cuts would cool mortgage rates, but waiting to buy a home may not deliver a win

Barbara Corcoran suggests that potential interest rate cuts could lower mortgage rates, but waiting to buy a home may not be beneficial. With current mortgage rates around 6.5% and a possible Fed cut, demand for housing could surge, driving prices higher. Corcoran advises buyers to act now rather than wait, as competitive bidding is prevalent in the starter home market. Buyers can either wait for rates to drop or enter the market now, potentially gaining equity even if they need to refinance later.