Can't pull the trigger because of interest rates??

[Jackson Risse]

I keep on hearing from investors that "I'm waiting for interest rates to go down" or I hear "I need rates to go down for the numbers to make sense". Maybe these investors are saying this because they just got into investing in the past decade where the rates were basically zero or close to it. The past decade of interest rates on a 30 year fix mortgage has never happened before 2008. In the 70s and 80 they were 8, 9, 10, 11, 12, even 18 percent. Now do I think they will continue to reach those levels I don't know I'm not Jerome Powell or the chairman of Chase or BoA. One thing I will say if you are waiting for the interest rates to back down to 2, 3 percent, you might be waiting a long time. All I am saying, is if you are one of those investors that say "I'm waiting for interest rates to go back", you probably need a reality check and do some digging into the history of interest rates. And ask yourself, were we just really lucky in the past decade to be able to lock in a mortgage at 3%. Start to look at the 30 year fixed mortgage rates history graph.