When you think about it, buying when iteernst rates are at their lowest is kinda dumb. RE prices tend to peak, and the chances are that when it comes time to refinance, the rates will be higher. And then there's equity loss due to a cyclical bust. Wouldn't it be better to buy when rates are high. There's downward pressure on prices, and perhaps an influx of motivated sellars/foreclosures. And chances are better that when it comes time to refinance, the rates will be lower. And the likely appreciation will add equity. RE is a market driven by affordability. Easy credit enabled buyers to "afford" overpriced RE. In order for a buyer to "afford" RE at high iteernst, the RE must be priced less. [Sigh] Am I just weird for coming to this conclusion?