Do You Know the Cost of Waiting to Buy a Home?

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Do You Know the Cost of Waiting to Buy a Home?

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 a home could cost you thousands of dollars a year for the life of your mortgage!

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