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Real Estate

Buy Now or Wait? The Importance of Mortgage Interest Rate Projections

Today’s home buyers have a phenomenal opportunity to maximize their value in the Evanston real estate market.

But should they buy now, or wait a while? Consider the costs of waiting, as explained in the attached charts. Where do a wide variety of experts think 30 year fixed mortgage interest rates are headed? See the attached charts.

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As home prices continue to rise at moderate rates, and as interest rates rise to levels projected for one year from now, the costs of buying rise as well.

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The bottom line: Buyers who wait too long to start their search process may miss a once-in-a-generation opportunity to buy the most home possible.



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