re: “Rates will come down, just re-fi then.” Why do people keep saying this in today’s world?

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So tell me why do the rates have to “go down?”

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they don't, but conventional thinking is when the economy gets into trouble, the Fed will immediately bail it out. since the GFC, the entire gov and investing population has gotten high off low rates and they're addicted. these politicians are irresponsibly spending in the face of rising rates and anyone with any sense can foresee the danger in that.

so now we have these realtors (ex-bartenders and bottle service girls) that don't know anything about macro and have never experienced anything other than low rates, but will talk out their arse to hope to sell a house to someone who knows even less about economics and rates. it's copium.