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The Cost of Waiting: Interest Rates EditionInterest

Interest Rates will be the cost of waiting.  How much additional funds will it take to buy the home of your dreams?  Low interest rates won’t last forever.  We know they will be going up, the question to ask is when…

 

With interest rates increasing this coming year –  it will affect your home affordability.

Some Highlights:

    • Interest rates are projected to increase steadily heading into 2019.
    • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
    • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!
 
Photo by Markus Spiske on Unsplash

Photo by Markus Spiske on Unsplash

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