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Frank Flynt
Let's Find Your Next Place
Do You Know the Cost of Waiting?
May 05, 2017
by The KCM Crew on May 5, 2017 in First Time Home Buyers, For Buyers, Infographics, Interest Rates, Pricing
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 Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic.
- Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!
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