What Will Waiting Cost You?

In their online edition last week, Forbes article “Should You Buy a Home Now or Pay More Later?” wrote about the importance of buying now versus waiting.  The article states:

“With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon.

The danger for potential homebuyers isn’t that mortgage rates are nearing 5.00%; the real threat is that rates could go higher, to 5.50% or even 6.00% in 2014.”

Forbes presents a simple message: Buy now, or pay more later!

Source: KCM