Marry the House, Date the Rate
In today's world, I've heard it over and over again that people are postponing buying a house for a couple years, hoping interest rates come down. Thinking that their "dream home" can wait.
And often times, people find their dream home (perhaps it is when interest rates are lower), but then overpay by $20,000 due to emotional connection and competition.
But when you're living in that house — cooking family recipes during the holidays, playing board games on a Friday night, spending a lazy July evening out by the lake — you aren't thinking about the investment made or the cost of the home.
So, buy the house you like in the neighborhood you want to live in….don’t worry about the interest rates. You can always refinance later.
Marry the house, date the rate.