What is the Cost of Waiting Until Next Year to Buy?

Dated: 06/13/2019

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What is the Cost of Waiting Until Next Year to Buy? 

With interest rates hovering around 4% this year, there is real cost to waiting to purchase until 2020.  Take a look at the scenario below which outlines the benefits of taking advantage of low rates versus the unknown of next year.  

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020.
  • CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

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