Once again another great graphic showing the importance that interest rates play when you buy a home! As interest rates start to rise your purchasing power diminishes! Can you afford to wait or will you get caught when rates start to go up? Be proactive and avoid getting caught!
by The KCM Crew on January 28, 2014 in For Sellers
Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%.
However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease. Here is a chart detailing this point: