The Cost of Waiting
We don't know if interest rates will go up or down in the next year. If you have been waiting to buy, hoping that rates will go down even more than the historic lows we've been experiencing for years, it might cost you. Here's how even small interest rate changes can affect your monthly payment. This chart assumes a loan amount of $250,000, so double or triple the cost of waiting for a $500K or $750K home.
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