The Potential Cost of Waiting

The Potential Cost of Waiting

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Sometimes buyers wait, hoping the hefty price tag will drop or to save up a larger down payment. But during that waiting time, interest rates can potentially rise several basis points or, worse, both the home’s price and interest rate increase,  sometimes adding several hundred dollars to the monthly mortgage payment.  This flyer provides examples of these scenarios for buyers to consider when making the decision to purchase a new property.