The "Rates vs. Prices" Debate

Thinking about waiting for mortgage rates to drop more? You could be making a costly mistake. 📉 A small drop in rates might not save you as much as a rise in home prices could cost you. For example, a 5% annual increase on a $600,000 home is an extra $30,000—which costs you more than a small rate improvement would save. Don't get caught in the waiting game. The best time to buy is when you find the right home at a payment you can afford today. Meghan Shigo, Realtor Century 21 Affiliated DRE 01243803  #meghanshigo #realestate #realtor #mortgage