Fergus Falls | Should I Wait Until Next Year to Buy? Or Buy Now? [Infographic]
Are you looking to buy a home or a lakehome in Fergus Falls MN 56537? As a real estate agent, I want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way.
Today I’d like to share an infographic showing the difference a modest rise in the interest rate can make on a mortgage payment. If you’re thinking of buying, don’t put it off. I’d be happy to help you begin your search now. If you’re thinking of selling, let’s get together now to look at the market and price your house fairly to sell quickly.
Some Highlights:
- The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
- Freddie Mac predicts interest rates to rise to 5.1% by 2019.
- CoreLogic predicts home prices to appreciate by 4.3% over the next 12 months.
- If you are ready and willing to buy your dream home, find out if you are able to!