![Do You Know the Cost of Waiting? [INFOGRAPHIC] | Simplifying The Market](https://d39ah2zlibpm3g.cloudfront.net/wp-content/uploads/2017/04/19155321/20170505-Share-STM.jpg)
![Do You Know the Cost of Waiting? [INFOGRAPHIC] | Simplifying The Market](https://d39ah2zlibpm3g.cloudfront.net/wp-content/uploads/2017/05/04121725/20170505-Cost-of-Waiting-STM.jpg)
Some Highlights:
- The “Cost of Waiting to Buy†is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
- Freddie Mac predicts that interest rates will increase to 4.8{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} by this time next year, while home prices are predicted to appreciate by 4.9{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} according to CoreLogic.
- Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!
Source: Simplifying The Market
