Do You Know the Cost of Waiting? [INFOGRAPHIC]

    Do You Know the Cost of Waiting? [INFOGRAPHIC] by The KCM Crew on May 5, 2017 in First Time Home Buyers, For Buyers, Infographics, Interest Rates, Pricing Agents, did you know you can share a personalized version of this post? Learn more!  359 237 26 68 24 4 Do You Know the Cost of Waiting? [INFOGRAPHIC] | Keeping Current Matters  Some Highlights:  The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic. Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!

    Some Highlights:

    • The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
    • Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic.
    • Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!

    Keeping Current Matters with Rinehart Realty

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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