The offset, waiting to buy a home
Автор: Tom Sommers Coldwell Banker Realty
Загружено: 2025-11-10
Просмотров: 8
Thinking about waiting for lower interest rates to buy your dream home? Let's break it down with real numbers: A $400,000 house today at 6.5% means a monthly payment of about $2,528 (principal + interest). Wait until next year for rates to drop to 5.75%, but with average home appreciation of 7%, that same house could cost $428,000—pushing your payment to around $2,505. Almost identical! But here's the kicker: you'll pay tens of thousands more in total interest over the loan's life, face a tougher buyers market with more competition, and miss out on building equity now. Plus, offsetting strategies like buydowns or investing the difference can make buying today even smarter. Whether you're buying or selling a home, it's not just about the rate—factor in appreciation, market competition, wait time risks, and long-term costs to avoid getting left behind in this real estate game.
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