I would be in wait and see mode but that's probably though when you see rates steadily creeping up. I know a few folks who kept putting it off and now have basically been priced out of getting anything decent. 6.8% basically gives them the buying power for a colossal piece of [bleep] when they could have been in something nice at 3%. That might change in a year but you still might be looking at 10% rates and I don't know if home values will fall proportionally.
