Some people who already own their home are saying mortgage interest rates are too high to buy. Some are saying wait two years before buying, continue to rent while they are paying down their mortgage. If you need shelter, not an investment rental property, is it really better to spend approximately $60k over the next two years in rent than to put that $60k to work in building your own equity? There are downpayment programs available that you should look into with your lender, or go to RateLeaf.com. Don’t wait until rates are at double digits and then you say to yourself “I should of…” You can own this house way before Christmas if you act now. Take shelter while you can.