Mortgage rates are constantly changing in today’s economy. Other than giving the media today’s headline, what does it mean to you? Simple. Waiting could be costing you thousands of dollars!
Buy Now Or Wait? |
Scenario 1:
Home Prices decrease by 5%Interest Rates increase by 0.5% |
Scenario 2:
Home prices decrease by 10%
Interest Rates increase by 1.0% |
Home Price $200,000 |
Home Price: - 5% $190,000 |
Home Price: - 10% $180,000 |
Interest Rate 6% |
Interest Rate: +0.5% 6.5% |
Interest Rate: + 1.0% 7.0% |
Payment $1,199 |
Payment $1,201 |
Payment $1,198 |
If you have been thinking about buying a home, there has never been a better time than right now!
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