If you plan to buy a home, consider how your home loan impacts your financial position. If you have no home loan, It may be wise to wait out the market until you perceive a “bottom.” On the otherhand, if you are obtaining a loan to complete the purchase, that loan will influence the true cost of your investment. Therefore, the positive influence of a low interest rate needs careful consideration. Currently we are experiencing historically low interest rates. To simplify the math: In order to keep monthly principle and interest payments the same, with every 1% increase in interest rate, loan affordability goes down by 10%. This means that if interer