Waiting for Rates to Drop
What Waiting for Rates Could Really Cost You
Hoping for lower rates?
Let’s run the numbers.
Say you’re watching a $400,000 property. While you wait for rates to drop 1%, the price increases by 5%—to $420,000
Monthly payment savings: ~$250
But you now pay $20,000 more
Plus: higher competition when rates drop
In short: the price increase could wipe out your savings.
P.S we just dropped a new 9.99% program