Should You Wait For Home Prices To Go Down?

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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.

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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?