• Menu
    zillow-icon-02
    (316) 204-3645
    (316) 204-3645

Heather StewartHeather Stewart

  • Property Search

    Search By Map

  • Listings By Email

    Listings Updates Sent To Your Inbox

  • Home Valuation

    What’s Your Home Worth?

  • My Accounts

    Save Listings And Searches

Waiting Will Cost More

Waiting Will Cost More

An economist responded when asked how interest rates would change: “They may fall some and then, rise and after that, they’ll fluctuate.”

43276292-250.jpg

Just because interest rates have been low for ten years doesn’t mean they are supposed to be low. The Federal Reserve has raised interest rates twice this year and are expected to go up twice more plus three times next year. Mortgage rates have risen from 3.95% to 4.62% since the first of January.

Increased rates directly affect the payments on homes but so does the price. With inventory levels remaining low, the prices will continue to go up. When interest rates and prices rise at the same time, it costs buyers a lot more.

If the mortgage rates go up by one percent and prices increase by five percent in the next year, the payment on a $250,000 home could go up by $200 a month. In a seven-year period, the buyer would pay $18,000 more for the home.

People planning to buy a home, need to investigate the possibilities of accelerating their timetable to take advantage of lower rates and prices. Use the Cost of Waiting to Buy calculator to see how much more it could cost you to wait. Call Profile.BusinessPhone} if you have questions about what can be done now.

Cost of Waiting 061818.jpg

If you would like more information please contact me today!

HEATHER STEWART
CELL: (316) 204-3645
www.WichitaRealEstateNow.com
Coldwell Banker Plaza Real Estate

Posted in: Featured Blog Posts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Post navigation

« Patios Can Appeal To Buyers
Buying Myths, Down Payments, First Time Home Buyers, For Buyers You DO NOT Need 20% Down To Buy Your Home NOW! »

Property Search

Advanced Search

Home Buyers Guide

Click here to get your
Free Homebuyers Handbook

Meet Heather

(316) 204-3645

Follow Heather on Facebook

Featured Properties

Quick Search Links

  • Basic Search
  • Search By Map
  • Advance Search
  • Address Search
  • Browse By City

Account Login

Heather Stewart

Coldwell Banker Plaza Real Estate
12221 E Central Ave.
Wichita, KS 67206
Phone: (316) 204-3645
©2019 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

 

 

Terms of Services | Privacy Policy | Sitemap

Font Resize
Contrast
Accessibility by WAH
  • Home
  • #30 (no title)
  • Buyer
  • Communities
  • Estimate
  • Feature/Market Your Home Online
  • Find The Perfect Home
  • Free Special Report
  • Got A Question?
  • Home
  • Privacy Policy
  • Professionals
  • Relocating to Witchita
  • Sellers
  • Sign Up for Market Snapshot
  • Subdivisions
  • Terms of Services
  • Testimonials
  • Thank You For Requesting Our Report
  • Wichita School Districts
  • Wichita Subdivisions
  • Wichita, KS Real Estate Blog