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(English) Impact of Rising Rates When Buying a Home

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10 comentarios
  1. James Barath in Northwest Indiana
    James Barath in Northwest Indiana Dice:

    In a cycle of real estate where the majority of home buyers are first-timers, they have become immune to historic low interest rates chatter. They just are not aware that interest rates were in the mid 7’s and even higher less than a decade ago.

    You add falling home prices to the mix and home buyers are just waiting for a “great deal.” If only everyone was as analytical as this simple chart would illustrate, home sales would be out the roof.

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  2. Bonnie Westbrook
    Bonnie Westbrook Dice:

    James is correct about his assessment of first time buyers……they are shopping for the ultimate deal and really don’t expect rates to rise or affect their payment. They have been shopping at the discount trough for 2 years and think it will only get better for buyers: declining home prices and low interest rates. As you have been preaching – this can change quickly. By the time we all know that the bottom of the housing has gone, buyers will be paying more for less.

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Trackbacks y pingbacks

  1. […] We believe that in most parts of the country prices will in fact soften in 2011. Price is the major concern for anyone selling a home. When you are buying, COST should be your primary concern however. Your monthly payment (cost) is definitely impacted by the price of the home you purchase. The other major component is the interest rate. Waiting for prices to bottom out while rates are increasing can wind up costing you more over the life of the mortgage (see chart here). […]

  2. […] We believe that in most parts of the country prices will in fact soften in 2011. Price is the major concern for anyone selling a home. When you are buying, COST should be your primary concern however. Your monthly payment (cost) is definitely impacted by the price of the home you purchase. The other major component is the interest rate. Waiting for prices to bottom out while rates are increasing can wind up costing you more over the life of the mortgage (see chart here). […]

  3. […] in most markets. However, if you are buying, COST should be more important than PRICE. Cost can be dramatically impacted by rising mortgage interest rates. Do the math and decide if now is the […]

  4. […] We believe that in most parts of the country prices will in fact soften in 2011. Price is the major concern for anyone selling a home. When you are buying, COST should be your primary concern however. Your monthly payment (cost) is definitely impacted by the price of the home you purchase. The other major component is the interest rate. Waiting for prices to bottom out while rates are increasing can wind up costing you more over the life of the mortgage (see chart here). […]

  5. […] We believe that in most parts of the country prices will in fact soften in 2011. Price is the major concern for anyone selling a home. When you are buying, COST should be your primary concern however. Your monthly payment (cost) is definitely impacted by the price of the home you purchase. The other major component is the interest rate. Waiting for prices to bottom out while rates are increasing can wind up costing you more over the life of the mortgage (see chart here). […]

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