Making predictions is tricky. What we know is that rates are near 12-month lows and the major US economic indicators are pointing towards higher rates.*
The fact is that while home values do swing up and down. Over time, they have increased** and it is difficult to predict the bottom or top of the market. The cost of waiting can exceed the value of acting now.
Unless you are waiting for something like a BK or Foreclosure to season, you might be surprised. The average credit score for approved loans*** has dropped a bit and new programs are available every day.
This is a good strategy… until it isn’t. If you have the right financial discipline, you may benefit from locking in your home value today and beginning the appreciation clock ticking.