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The Cost of Waiting to Buy!

Wade Betz

Published 5 months ago

Housing prices aren’t guaranteed to drop.

For potential buyers wondering if they should wait to see if home prices will drop before buying, these market insights shed some valuable light on why you should consider buying now. And while we can’t predict the future, current data shows the housing market isn’t going to dramatically cool anytime soon.

Although prices may stabilize a bit as material shortages and supply chain delays ease, forecasters can’t pinpoint when we’ll see those changes trickle down to the buyer level and impact housing prices.

The takeaway? If you’re ready to buy a home, and you’re financially prepared to do so, it’s important to consider the risks of waiting and the potential for housing costs to continue to rise in the coming months.

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National Rate Averages

Conf. 30Y Fixed

6.335%
-0.098

FHA 30Y Fixed

6.332%
-0.066

Jumbo 30Y Fixed

6.497%
0.043

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

Additional Resources

Official Conforming Loan Limits for 2023!!!

Published 1 week ago

Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting

Published 2 months ago

New “Unofficial” Conforming Loan Limits for 2023

Published 2 months ago

Looking past the headline: Bank of America’s “new” CRA loan

Published 3 months ago

How to Maintain Your Pre-Approval

Published 4 months ago

How to Win In Today’s Real Estate Market

Published 4 months ago

AXEN Mortgage

Company NMLS# 1660690

3100 W Ray RD STE 201 Office # 209
Chandler, AZ 85226

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