The Case For Not Waiting
Originally uploaded by thenelsonproject
Even if house prices drop some in your neighborhood, your payment may not.
Interest rates have increased by 0.6 percentage points in 5 weeks:
January 24, 2008: 5.48%
February 21, 2008: 6.04%
Prices decrease by 5% and interest rates increase by 0.5%
Prices decrease by 10% and interest rates increase by 1.0%
|Scenario 1||Scenario 2|
|Price -5%||Price -10%|
|Today||Int Rate +0.5%||Int Rate +1.0%|
© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.