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!
In Your Corner,
Phyllis Miller - Realtor, GRI
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