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.
- 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.