Don’t Wait to Move Up to Your Dream Home!

Now that the housing market has stabilized, more and more homeowners are considering moving up to their dream home. With interest rates still near 4% and home values on the rise, now may be a great time to make a move.

Sellers should realize that waiting while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain budget for your monthly housing costs.

HERE IS A CHART DETAILING THIS POINT:

Buyer's Purchasing Power | Simplifying The Market

With each quarter percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

Act now to get the most house for your hard earned money.


76d40d84 d7a3 4cc7 bb10 28accd5b2ce3 048462be 5ab5 49b5 bb53 c1a803c9ab51 b0686a56 4f09 4851 a82b e0d8339f9dd1 d8fa0b51 8436 4fc1 a5b1 353c22fd298c 5195a7a0 7a5a 41e2 86e7 fae16499aeca 0a0c5ca8 3d3a 4fdb afae dcd87e391eea c1a8ab3a 61ff 4add 8523 7037128d501d 42982828 228d 4740 b1aa f7656d645997 bf627d77 9671 4427 afcd 66235497c2b7 43682144 fbe8 4a4d b83b 740c9ed8283d 304b3dc5 afed 4ae9 aa29 6726219b8994 7f61121b f0f2 4d2d 9734 117ee529e72d f6110e68 e6e2 4e33 a1b2 8bd089e8166b 5b91098b 4284 4de6 b7d7 c18a709c59c0 b3bc0aad 840e 4e44 9a13 cc540ac4171e a008402c 3c94 47d0 baac 153de1e1ba68 d2209777 9725 48c7 84f9 b488ac6a768d fb3197da 37a8 4b6d 9cea 57d7ce276e66 5c8ca131 8c68 40ad 9e8c bea7830d814c 9936a772 b8e2 4805 aefe 01230e96c295 e476a3a4 81ca 4232 9fcf 3e244f21a19c 6ba3521b f476 4470 94c6 c51ea5eb0d19 4dd62269 0085 4d14 bf20 283595dd387e