I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

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In this market? Sell your contract and make a cool 20k on the house. You will have absolutely no issue selling a completed new build house.

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After closing you mean? I asked if they could make it assignable and they said they won't.

I think rates won’t get that high… even if it does, it’ll come back down real fast at the first sight of hardship.

Admit it… we are addicted to free money

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