The only scenario (I think) where this works is an all-cash purchase so you aren't paying the higher rates so it's not a concern. Waiting for others to be price

The only scenario (I think) where this works is an all-cash purchase so you aren't paying the higher rates so it's not a concern. Waiting for others to be priced out seems like a weird thing to do because you're just making the purchase more expensive for yourself since prices stay the same or go up and rates go up.