What is more important for housing? Low Interest Rates vs. Low Housing Prices
The Rodney Rose Mortgage Team NMLS #1396861
Interest rates play an important part in the monthly payment.
Rates are predicted to increase which means higher payments
If payments increase, rents will increase also.
Take a quick look through history with changing interest rates below in the chart.
Prices have increased over the last several years. Prices will still increase over the next several years. This will have a double impact on the monthly payment.
Do not wait. Buy today. Down Payment Assistance is available. Many homes have a similar rent payment as monthly ownership payment with Down Payment Assistance. When interest rates increase, that will not be the situation. Ownership also comes with tax benefits.
Contact Rodney Rose for your specific free analysis.
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