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The Cost of Buying Today vs Waiting Until Next Year

Connie Carlson

Connie Carlson has consistently been one of the top REALTORS in Cobb County since she began selling residential real estate in 2004...

Connie Carlson has consistently been one of the top REALTORS in Cobb County since she began selling residential real estate in 2004...

Nov 13 2 minutes read

Interest rates have gone up this year.  As I am writing this article interest rates are currently 5.1% (according to www.bankrate.com) and industry professionals predict they may increase 3 or 4 more times before the end of 2019.  In today's Coffee with Connie, I will give detailed instructions on how to calculate how much more the cost of a home will be for every increase in interest rates.  Specifically, I will show you how much more money you will need to earn if interest rates rise.  This is a MUCH WATCH video if you are a serious buyer looking to maximize your money 💵

Here are links to the websites mentioned in today's video.

Current Mortgage Rates

Mortgage Calculator

Connie's Cost of Increasing Rates Spreadsheet

Finally, if you would like a detailed analysis for a specific price range or situation we are happy to help you out.  Just call us at 678-631-1812.  I also encourage you to reach out to one of our preferred lenders for a custom cost analysis.  

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