I dropped 10 years and 200/mo. off of my mortgage Roughly the same here, and I had a very low mortgage from a small line of credit. Between sticker price on a

I dropped 10 years and 200/mo. off of my mortgage Roughly the same here, and I had a very low mortgage from a small line of credit. Between sticker price on a house and interest rates, prices tend to equalize-- people can always only afford $X/month, regardless of the proportion going to interest. This means that, all else being equal. the most fortunate time to buy is when slightly higher % rates have kept sticker prices down a bit. That way when rates inevitably go down at some point in the future you can refi at a lower rate, getting the benefit of having purchased a lower price and then dropping down to a lower interest rate as well. Certainly not something you can choose to do, given that trends often measure by a decade or two, so this is just an observation, not advice to wait for higher interest rates to suppress sticker prices.