The marketplace here is unlike many other places and has long been prone to upward spikes in prices in short periods of time. The movement of interest rates over the long term is difficult to predict. From my experience of living here three decades most of that in real estate business if you can buy a primary residence that fits your long-term needs anywhere close to rent versus buy parity it’s a good idea. Between appreciation, inflation and the convenience of not having to move more frequently than one wants it always seems to pay off.
The opportunity to refinance your mortgage below 3% was truly one of the greatest opportunities in our lifetime.
