Posted on March 16, 2018 - 09:50 AM
by Mary J BROWN
While interest rates a still low, a steady rise in rates can cause buyers many problems when trying to buy a home as their buying power is diminished. Rates are projected to keep rising through 2019. Now is the time to buy a new home!
The Cost of Waiting: Interest Rates Edition
Interest rates are projected to increase steadily heading into 2019.
The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!