If you think you can't afford to buy a house due to rising interest rates, you're wrong. And that's according to Dave Ramsey.
If you're in the market, you can and should buy a home. The market today is the best it's been and the best it's going to be in a while. Lots of houses are going up for sale at fairly decent prices. You're not going to find a market this diverse for a while. Take advantage of it.
This TikTok posted by @charlieecinos explains what you can do in order to afford the house you're interested in, and how not doing so could be a huge mistake.
According to Ramsey, this is the best time to buy a house. Despite the rise in interest rates, you should absolutely take advantage of this time, even if you think you won't be able to afford it. The thing is, interest rates aren't going to be on the rise forever. There will be a time in the next five or so years when they were mellow out. During this time, refinance your home. This will help you score a lower interest rate. Waiting to buy when interest rates come back down is a waste of time. You won't find as good of a market if you wait.