In 1971, the interest rate for a mortgage was 7.33%.  If you waited for interest rates to go down, you wouldn’t have purchased a home until 1993.  You would have rented for 22 years for rates to go down, meanwhile the value of real estate quadrupled during that period of time.  Don’t wait to buy real estate. Buy real estate and wait for interest rates to go down.  MARRY THE HOUSE , DATE THE RATE!