> It’s generally better to buy when interest rates are high than to wait for them to drop The current situation shows that there are caveats to this strategy.

> It’s generally better to buy when interest rates are high than to wait for them to drop The current situation shows that there are caveats to this strategy. For example, rates are high, but prices are still lagging (they will drop eventually, when people begin to realize no one wants to buy their overpriced house with a 7% rate) Also, rates could stay high longer than the average person stays in a house.