Hi Don, I think the answer depends on whether you approach this from a best price or best home perspective. There is a large amount of wisdom in the saying, "You don't wait to buy Real Estate, you buy Real Estate and wait." There are people out there not trying to time the market or predict where rates will be off in the future, and in the long run they will be rewarded, not because they bought at the low point of the market (thatâ€™s a quantitative measure), but because they snatched up a great house in the right neighborhood (a qualitative measure) because they didn't try to time the market. If rates improve after you buy to the point where it makes sense refinance. Getting a great rate on substandard home isnâ€™t a win-win. Getting a great home with a current market rate is a much better deal.
Steven A. Ornellas, GRI, ABR, e-PRO, CMPS, RE Masters, MBA
REALTORÂ® / Mortgage Banker-Broker / Certified Mortgage Planning Specialist
Steven Anthony Real Estate & Financial Services
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