Should you buy now, or wait until next year? Find out the difference a year could make below.
Interest rates are projected to increase steadily heading into 2019. Freddie Mac predicts interest rates to rise to 5.1% by 2019. The higher your interest rate, the more money you end up paying for your home, and the higher your monthly payment will be. CoreLogic also 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! Interest rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!
Katie Tedesco is a FULL-TIME REALTOR® with Watson Realty Corp.