The Cost of Waiting

Are you on the fence about buying a home? The cost of waiting to buy a home could cost you more in your monthly mortgage payment as interest rates and home prices increase! CoreLogic, the most geographically comprehensive and current home price index, predicts a 5.3% appreciation in home prices in the next 12 months. Freddie Mac predicts an increase of a full percentage point in interest rates. The slides below give you an estimate of the increase in your monthly mortgage payment on homes priced from $100,000 to $1,000,000. Call me at 210-717-6690 or email me at morganbertram@realtyexecutives.com to discuss your home buying or selling needs or for more specific information on how rising interest rates will affect your monthly budget!