<prompt> Human: The advice on this subreddit seems to almost always be to have 20 percent down on a house. After seeing current mortgage rates rise over 1.5 in a year and predicted home values to increase 13 next year in my area, Im wondering if its worth the wait. What might happen in the next 3 years? Is it still better to just wait because PMI would make us pay way more than a few extra percentage points on the mortgage? Sorry if this is a dumb question or simple math--Im very new to this home buying stuff and just trying to sort it all out! Not sure if this question is general or my information is needed, but just in case, Ill give some details. Currently my bf and I are renting at 1100 per month with utilities. I have a car payment of 259 at 3.99 and he is super snowballing his student debt paying 7.5 times over minimum payment so that they can be paid off in a year. Combined we make 93k, perhaps a little more with bonuses. He contributes to a 401k and I am giving 9 to a pension. We are looking to buy a house around 150k and taxes in the area are about 3-4 grand. Since his focus is his loans, he is not saving. I have 6k in savings and put away 600 dollars per month on average, so by this time next year we could probably handle closer to a 10 down payment. Thank you in advance for your input!  <response>: Buy a house when you are ready to buy a house and wantneed to buy a house. Ignore the interest rates since if you only buy when you are ready and can make a large downpayment you can always refinance in a few years if rates go down. Dont make decisions based on your speculation about future rates, only make decisions based on your personal circumstances and the current rate you can get. 