How to Money · Friday, September 18, 2026
The common advice to 'marry the house, date the rate,' implying future refinancing, is proving difficult as mortgage rates remain high. The hosts reflect that this strategy, often based on the assumption of future rate drops, is risky given the current economic climate. They caution that being locked into a high mortgage payment can impede other financial goals and mental well-being.
“Years ago, was it 22, maybe 23, when the marry the house, date the rate sort of meme was going around. That was a lot of realtors' favorite.”
“You can always refinance later, and then you'll lower your housing costs.”
“Well, given the way things have been going, I don't see anybody refinancing anytime soon, man. It's not looking good. And this is just a great, I don't know, not to be like, whoa, we told you so. But And you kind of share this story often too, just where like somebody, like when your dad was younger, he was just like, hey, expect the best essentially is what is the advice that he was given, right? When it comes to being able to afford certain things or just planning ahead.”