Total Increase a Buyer May Pay if They Wait

Earlier in the week, we explained that experts have projected that U.S. home prices will appreciate by approximately 5% in 2013. We also revealed the Mortgage Bankers AssociationFannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that prices and interest rates will rise as projected, here is the monthly difference a buyer may pay if they wait a year.

Steve Hill and Sandra Brenner
Windermere Real Estate Seattle Northwest

Posted on May 23, 2013 at 4:45 pm
Steve Hill | Category: Mortgage, Rates, Payment, Interest | Tagged , , , , , , ,

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