Cost of Waiting To Buy
Could Waiting to Buy a Home Actually Cost You More Money?
We all know people who are waiting to buy a home until prices come down more. Maybe you’re even doing that. But what if interest rates go up while you are waiting? With a higher interest rate, the monthly payment for a less expensive home might be more than it would be today at current rates and prices. Plug some numbers into this live calculator and see if the wait is worth the risk.