Housing prices are set by mortgage payments. If interest rates go up, prices have to eventually go down, and vice versa. So, if you plan on sticking around to

Housing prices are set by mortgage payments. If interest rates go up, prices have to eventually go down, and vice versa. So, if you plan on sticking around to the next interest rate swing, buying at an unusually high interest rate allows you to eventually refinance, saving significant amounts of money. Buying at an unusually low interest rate offers no advantage. You’re stuck.