How hard is it to get financing when market turns?

[Benjamin Qiu]

Greetings,

With market being so high and reasonable rate currently, if/when market turns, will rate go down since the economy needs a boost, or will it go up and become difficult to get financing?

We currently have enough money for a down-payment, is it wise to take advantage of the reasonable rate and buy at a high price or best to wait for price to go down and risk with difficulty getting a loan.

Thanks for any input