Don’t Let Your Luck Run Out…

If you are one of the many Americans debating purchasing a home but are not sure if you will buy now or wait until next year, here is a simple example of the impact interest rates & prices will have on your monthly mortgage payment.

Some Highlights:

  • The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
  • Freddie Macpredicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.8% according to CoreLogic.
  • Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!

Obtain Additional Real Estate Information!

Whether you are a home seller or a buyer, Help-U-Sell Southland Realty agents can provide additional information for your real estate home sale or purchase in the San Fernando or Santa Clarita Valley. Please call (818) 997-1000 or submit the contact information form.

 

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