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Do You Know the Cost of Waiting?
May 15, 2017
Do You Know the Cost of Waiting?
![Do You Know the Cost of Waiting? [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2017/05/04122148/20170505-Cost-of-Waiting-STM-1046x1354.jpg)
Some Highlights:
- The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
- Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic.
- Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!