I just bought as well. Closed in the past month. 2.875% on a 30-year fixed jumbo with no prepayment penalty. It’s our first home. We were planning on waiting f

I just bought as well. Closed in the past month. 2.875% on a 30-year fixed jumbo with no prepayment penalty. It’s our first home. We were planning on waiting for things to bottom out at 12-24 months after the start of the recession and were passively looking. The perfect home came on the market. Super unique. Unlikely to find another one like it. It’s the kind of home that retains value and sells fast due to uniqueness. It was only on the market for less than a week. It’s in Seattle. Massive windows with view of Lake Washington and Rainier and so much privatcy that I can walk around anywhere in the house naked without pulling any blinds. Whether the pandemic rages on and we’re stuck at home or everything springs back to life in downtown Seattle, my partner and I are going to be very comfortable and we have room to start a family or take in my aging father or her nephew once he’s old enough to move out. The calculus for waiting was lowering housing prices but you also need to factor that your rent will be buying your landlord’s home during that time. Two years worth of rent for us was going to be over $120k. If we lose $100k worth of value by buying ~1.5 years early, it’s a wash.