...it's 24 months and you're getting a great deal.

Please, please, please stop panicking. Rates are up, yes. But prices are down. Buy now and refi in 24 months when Powell, Yellen, and Co. are gone and rates get back to normal.

Waiting is Expensive.

Okay… I heard many, many people say recently “I’ll just wait for the price drop to buy”. I have been screaming how dumb this is but nobody is listening. Even a catastrophic decrease in prices, say 10%, in an environment of high inflation coupled with increasing rates means that by waiting you will be paying a much higher monthly payment for a house not as nice as the one you are waiting for now.

Again… you’ll be paying much more for much less.

Assuming you even can… which is an open question.

Buy the damn house now!