Search
  • Graham Holmes

What If I Wait A Year to Buy a San Clemente Home?


Buy a San Clemente Home

National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates.

As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price but instead about the ‘long-term cost’ of the home.

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Insights Reporthome prices will appreciate by 4.8% over the next 12 months.

What Does This Mean as a Buyer?

If home prices appreciate by 4.8% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:



Bottom Line

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan. Ready to get started? Call me 951-634-4118.


#sanclementehomesforsale #buyasanclementehome #sanclemente #homesforsaleinsanclemente

San Clemente Homes for Sale and Homes for Sale in San Clemente

https://www.sanclemente.house/sanclementehomesforsale

1 view

Recent Posts

See All

South OC Cars and Coffee

Today was a great day for the biggest car show on the West Coast. If you haven't been to this one before, you are missing out. A huge turn out of cars ranging from modern exotic sports cars to classic

© 2019 by Graham Holmes BRE# 01455394

Liam Muirhead BRE# 02102200

  • Facebook - White Circle
  • Twitter - White Circle
  • Google+ - White Circle

Listing Agent San Clemente - Buyers Agent San Clemente - Homes for Sale in San Clemente - San Clemente Homes for Sale - San Clemente Listings - OC County Homes - Dana Point - Laguna Beach - Laguna Niguel - Mission Viejo - Irvine - Newport Beach - Seal Beach - Aliso Viejo - City of San Clemente Live Web Cam