If interest rates skyrocket in 2 years and you wait and save, if you borrowed $100,000 at 10% for 20 years, you'd still pay less total interest than you would if you borrowed $150,000 at 5% for 20 years.
People use "impending" interest rate spikes as excuses for buying. Most folks don't do the math. That's another reason the bank will knock 1% off if you're in the drivers seat. It's not that much money, but every penny matters to me.
If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land. 2 Chronicles 7:14
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