Thinking about purchasing a home but not sure if now’s the right time?  Here’s a Team Nest Builder tip: consider the cost of WAITING to buy that home.  

“Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates increased over a period of time. In this article, we’ll focus solely on interest rates. Consider this:

  • Interest rates are projected to increase steadily heading into 2020.

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  • The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be.

Take a look at this chart:

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | MyKCMThe bottom line:  Rates remain low right now – don’t wait until they hit 5% to start searching for your dream home.  Call Team Nest Builder’s Lynn Garafola at 973-222-3777 today! 

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Source: Keepingcurrentmatters.com