A Wild Rate Ride! When Rates Increase; Affordability Decreases Even if Prices Go Down! Fullerton Real Estate - 12/22/10 11:25 AM
"I think prices will fall so I am in no hurry to buy". Have you heard this before? Maybe you have even echoed this sentiment.  It's common these days and really, there is nothing wrong with this line of thinking.
But let's think for a moment about affordability vs. price. Home ownership has been at the highest level of affordability in decades.  Rates have been the lowest ever. So is it to better to buy when rates are low or when prices are? It depends but waiting can sometimes be costly. 
Interest rates have taken a jump in the past couple … (2 comments)