This article questions whether or not mortgage rates are going to stay high, go higher or come down.  I sure don't have the crystal ball on this one.  My guess is that they will come down.  At some point either the market or the Fed will bring rates down.  Politically, it's disaster for the party in power.  Because we have such a low inventory of homes for sale, home prices should remain stable and buyer demand will exceed supply.  Buyers are either paying cash or getting a mortgage on a home less expensive than they had previously intended.  The beat goes on.  Again, I emphasize the need to buy now.  Get what you can.  It's always a better option than renting.