Who's feeling pressured to buy a home before rate hikes?
Goldman expects a rate hike starting in July 2022 and another one in November 2022, then two 25 bps hikes every year for a couple years after that. Who here is feeling pressured to buy a home before rate hikes, even if they are not necessarily wanting a home right about now. The bank account is looking nice, but I'm emotionally and maturity wise a couple years out from buying a home. I like the career and movement flexibility of living below my means and being fairly mobile if I really wanted to. That being set, people that I respect a lot have been loading on rental properties since last year trying to buy as much as possible before rates go up. I would love to lock down a 3% 30 year mortgage and don't want to be kicking myself when I eventually buy something in the 5-6% interest rate in a couple years.
Who here is on a similar boat or what wise words of wisdom can you share?