Brendon DeSimone

No. You should buy a home because you are ready to put down roots, have saved for a down payment and want to build equity. Will rising rates affect affordability, yes? Interest rates will rise and will make it more expensive to finance a home, but that shouldn’t pressure you to buy. It’s too big a decision. Plus, it takes a very long time for rates to rise to make a meaningful difference. If rates rise even one percentage point in a year, it won’t put a buyer out of the market. In the 1980’s rates were as high as 15%. In the early 2000’s they were below 3%. Nothing happens over night. Buy when you are ready to buy.