We often talk about the potential cost of waiting to buy a home. Today, we want to look at the actual cost for someone who waited over the last year. We used a 10% increase in house values as prices have gone up by double digits in the country on average. We looked at approximate mortgage rates last year compared to this year. Here is the impact on a monthly mortgage payment (principal and interest):
We are on a point that it is not if the prices and rates will increase anymore, but when. If you have been contemplating the idea of buying a home, today is not as good as yesterday but it look much better than tomorrow, so give me a call and let's get you on the home you have been dreaming of.
Noemi Cardoso
William Raveis Real Estate
508-558-1945
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