You always hear Lender's and Realtor's warning everyone about rates going up, but have never taken them seriously. It's always "Yea yea..you say that, but it's not actually going to happen!"
Well the time looks to be here finally! The Fed is expected to make THREE rate increases just this year. With Arizona's Real Estate market expected to jump 6% this year, it might be a good idea to start looking into ditching your landlord and building your family's legacy! There are grant programs right now that will give you $20,000 (NON-REPAYABLE) toward your downpayment leaving you with instant equity and 0 down to buy.
Definitely something worth thinking about!