Johnny and Jane found their dream home.
These two were confident that the seller would accept $200,000 for the home, but they continued their negotiation to lower the purchase price over the home a bit for the next two months.
Well, they were right. The seller agreed for $195,000. They were able to save $5000, right?
Meanwhile, over that same period of two months, there was a rise in mortgage rates by a full point. Do you think it was worth the wait to save those $5000?