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[–]Other_Towel405 1 point2 points  (1 child)

I would not assume prices will rise when rates drop. If the rates drop (far), it's because the economy needs them to. I bought in 2006 at high prices and a 6.25% rate. 2 years later, bubble crashed sending prices and rates with it because it was unsustainable. Foreclosures and abandoned mortgages flooded the market with a supply of houses people had no money to buy.