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Should I buy a house because Mortgage rates are low
Reasons for no: In your first sentence you say something interesting: rates low -  prices high.  Actually those 2 are reversely correlated, imagine if rates would be 5% higher-very few people could buy at current prices so prices would drop. Also you need to keep in mind the rate of inflation that was much higher during some periods in the US history(for example over 10% in the 1980) so you can not make comparisons just based on the nominal interest rate. Putting all your eggs in one basket. If you think real estate is a good investment buy some REITs for 10k, do not spend 20% of your future income for 20 years. Maintenance - people who rent usually underestimate this or do not even count it when making rent vs mortgage comparisons. Reasons for yes:   Lifestyle decision - you don't want to be kicked out of your house, you want to remodel...     Speculation - I would recommend against this strongly, but housing prices go up and down, if they will go up you can make a lot     of money. To answer one of questions directly: 1. My guess is that FED will try to keep rates well bellow 10% (even much lower, since government can not service debts if interest rates go much higher), but nobody can say if they will succeed.