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Two Reasons Why Waiting a Year To Buy Could Cost You

Shawn Beaudoin

Published 6 months ago

When asking IF you should buy a home, you probably think of the non-financial benefits of owning a home as a driving motivator. When asking WHEN to buy, the financial benefits make it clear that doing so now is much more advantageous than waiting until next year.

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions:

- What will home prices be like by the end of 2022?

- Where will mortgage rates be by the end of 2022?

Have more questions? Reach out above to start the conversation.

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National Rate Averages

Conf. 30Y Fixed

5.42%
0.023

FHA 30Y Fixed

5.333%
0.005

Jumbo 30Y Fixed

5.163%
-0.169

Rate averages are calculated from actual locked rates. Learn more.

Additonal Resources

What Does the Rest of the Year Hold for Home Prices?

Published 2 days ago

What Home Buyers Need To Know About Appraisal Gaps

Published 5 months ago

Flip the Script and Get Mortgage Assured to Buy Your New Home!

Published 5 months ago

What’s Your Rate? The Answer Is: It Depends…

Published 6 months ago

Financing Is Readily Available But Goes Most Easily To Those Who Plan Ahead.

Published 6 months ago

Why It’s Super Important to Lock Your Mortgage Rate

Published 6 months ago

The Shawn Beaudoin Team @ Rockstar Home Loans, Tampa

Company NMLS# 227765

4301 W Boy Scout Blvd #170
Tampa, Florida 33607
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Florida
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