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. Today, we’re going to focus solely on the impact of projected interest rate increases.
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 they hit 5% to start searching for your dream home!