My wife and I have been casually looking at houses and of course we hesitate because interest rates suck in comparison to what we have. It turned into an interesting discussion among friends because rates are driving down prices. Hot properties are still going to be super hot, but we love a good project and those seem to be sitting and open to offers.
Is this a garbage strategy in the hope that rates will drop over the next few years to refinance? If we wait for rates to drop, I'm thinking we may end up overpaying.
Is this a garbage strategy in the hope that rates will drop over the next few years to refinance? If we wait for rates to drop, I'm thinking we may end up overpaying.
