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.

Some Highlights:

• 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!