This is the Ramsey Call of the Day, part of the Ramsey Network.

Today's question comes from Helen in Michigan. She says, I'm looking to build a home. I have

enough saved for 20% down and have no debt. With current wait times, should I wait to build until prices start to come down?

Or should I go ahead and start the building process before mortgage interest rates go up more?

As I heard they are going up soon.

All right, fair question there from Helen.

Well, I don't like making decisions based on what might happen.

And so I feel like if she's got the money to do this right now, go ahead and start the process.

Nothing wrong either way.

You know, there is no question that there's a shortage of labor right now in the building world and that the building material prices have still not adjusted back to reasonable after COVID.

Some of them have.

I mean, lumber went way up and then it's back down.

It's not all the way down, though.

And so I think you're going to see some smoothing out of the cost of the house

could be offset by the increase in interest rates, which we have seen.

Interest rates actually tick up.

How much more are they going to tick up?

I don't know.

And is it going to offset the cost savings?

So it's completely up to you.

I can tell you this, building a home today at this moment, if you broke around today in most cities is going to be more stressful

because you're going to have shortage of stuff, shortage of labor. And it's going to, you know,

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