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11 July . 2018

If interest rates and home prices rise, what could it cost to wait to buy a new home?

Experts agree that mortgage interest rates and home prices are trending upward, and waiting to buy can make a significant difference in your monthly payment.

As our infographic shows, even slight increases in the interest rate and sales price can increase your monthly payment by enough to cover the cost of a new car. Over a year, the difference could be enough to make a significant dent in credit card debt. In 30 years, the extra cost could amount to the equivalent of college tuition.

Our infographic is based on the latest average interest rate information and the average cost of a new home in Canyon Falls. As interest rates fluctuate constantly, it’s meant to provide a general idea of the potential cost of waiting. For the latest and most specific information, please talk with your real estate agent or homebuilder sales consultant.

Find your new home at Canyon Falls while interest rates are still near historic lows.