Experts have projected that U.S. home prices will
appreciate by 5.4% in 2013.
If we assume that prices will rise about the same 5% over the next twelve months, here is the difference a buyer will pay if they wait a year.
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The Mortgage Bankers Association,
Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least
4% by the end of 2013. If we assume that rates will still be at 4% in twelve months,
Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least
4% by the end of 2013. If we assume that rates will still be at 4% in twelve months,
here is the difference a buyer will
pay if they wait.
_______________________________________________________
If we assume that prices go up by approximately 5% in 2013 and interest
rates will rise at least 4% by the end of 2013 as projected,
here is the monthly difference a buyer may pay if they wait a year.
_______________________________________________________________________________
We know that the market today is great for both buyers and sellers! However, What tomorrow brings no one really knows? Experts can project but we still don't really know?
Take advantage of today's market and you could possibly come out ahead!
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