What could be the impact of waiting until April 2016 to buy your dream home?
The financial effect to your mortgage payment is significant. Consider:
The most recent Home Price Expectation Survey predicts that home prices will appreciate by 4.4% by the second quarter of 2016.
The latest Freddie Mac Primary Mortgage Market Survey shows the current 30-year fixed rate at 3.7%. Their projection for this time next year is that the rate will be 4.7%. (a full percentage point higher).
Contact me if you'd like to discuss your options before the experts' predictions become reality.
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