The 10-year bond currently stands at 4.676%, according to UBS investment banking company. They anticipate a decline in both 10-year and long-duration bonds, possibly reaching 3.5% and even as low as 2.75% in 2024.

This strategy takes a long-term view, considering the upward trend in home values. Despite the relatively high rates, the substantial increase in home appreciation outweighs the impact of the higher payments.

Difference in house payment 30y fixed Principle and Interest only. $500k loan using average national rates.

8.089% $3,699 Current Average National rates

4.500% $2,533 Projected Average National rates late 2024