i am looking to buy a co-op and the ones that i have seen are priced fairly, but i feel that the interest rates on mortgages now are kind of high at 6-7%. is it an ideal time to buy? should i wait till the mortgage rates go down?
another thing is that iam looking in nyc, but i heard that house apraisals in Long island have been droping is this good or bad? and how does that affect the mortgage rates?