First house, VA loan, and Interest rates

[Branden Smith]

I am currently in the market for my first property and will be using my VA loan. Due to using the VA loan and putting no money down I know I have to find a great deal and can't justify anything that has come up on the MLS. I am currently looking at new ways to find better deals. My main question involves the possibility interest rates going up. At the moment in the Roseville, CA area houses are selling very fast and with an interest rate hike in the future I would think that housing prices might pull back a little and it will no longer be as much of a sellers market. I'm wondering if I should buy an alright deal before a rate rise or be patient and find a great deal even if there is a chance of the loan having a higher rate.

Thanks,

Branden Smith