The question is: Should we wait for prices to go down or rates to go up?

Should we wait for prices to go down or rates to go up???








Loan Amount   4.50%        5.00%         5.50%        6.00%       6.50%      7.00%
100,000     $506.69      $536.82      $567.79      $599.55      $632.07     $665.30


150,000     $760.03     $805.23      $851.68      $899.33        $948.10       $997.95


200,000     $1,013.37   $1,073.64   $1,135.58   $1,199.10     $1,264.14    $1,330.60


250,000     $1,266.71    $1,342.05   $1,419.47   $1,498.88     $1,580.17    $1,663.26


300,000     $1,520.06    $1,610.46    $1,703.37    $1,798.65   $1,896.20   $1,995.91


350,000     $1,773.40    $1,878.88    $1,987.26    $2,098.43   $2,212.24   $2,328.56


400,000     $2,026.74     $2,147.29    $2,271.16    $2,398.20  $2,528.27    $2,661.21




If I wait for that $400,000 house to come down to $350,000, could I be risking higher payments? Why yes, you could.....and why?


- $400,000 mortgage @ 4.5% = $2026.24


- $350,000 mortgage @ 6.0% = $2098.43


Does this ever happen? It's what we are watching buyers do right now!!


Don’t be a buyer that waits. Call me to help you find your dream home!