06/18/2024
In 1971, the interest rate for mortgages was 7.33%. If you waited for interest rates to go down, you wouldn't have purchased a home until 1993. You would have rented for 22 years waiting for the rates to go down. Meanwhile the value of real estate has quadrupled. Please do not wait to buy real estate. Buy real estate and wait. Marry the house, date the rate.