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[quote=Anonymous][quote=Anonymous]Am I the only one who thinks that houses right now at $600k with interest rates at 3.75% are going to be much lower priced (from a purchase price vantage point - ignoring monthly payment) when rates go higher? Unless we have significant inflation, wages aren't going to go up enough - prices will have to dip again to keep monthly payment level or increasing on a slower keel, right?

I realize maybe the payment will stay the same, but if you are putting money down, I would think[b] it would be better to buy at a low price when rates are higher?[/b]
FWIW we're not trying to time anything - we are looking right now and whatever we buy we're planning to stay in, but I don't think prices are that great now for those reasons.

-Skeptical of agents and everyone saying now is the time to buy - not sure it is...[/quote]

But then you're paying more toward interest and less toward principal, so you will have less equity in the house.  If you plan on refinancing to a lower rate fairly quickly, this makes sense, but who knows when rates will be this low again.[/quote]

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