Locking in a great rate seems misguided if the low rates were inflating prices. You can always refinance a high rate but you can’t renegotiate what you paid 5 y

Locking in a great rate seems misguided if the low rates were inflating prices. You can always refinance a high rate but you can’t renegotiate what you paid 5 years ago. It’s even worse for the all-cash buyers since they’re not sensitive to the interest rate anyway… but they probably have other motivations for parking their cash in real estate.