Page 11 - Microsoft PowerPoint - SellingYourHouseSummer2017

DON’T WAIT! MOVE UP TO THE HOME YOU

ALWAYS WANTED

Now that the housing market has stabilized, more and more homeowners are considering
moving up to the home they have always dreamed of. Prices are still below those of a few
years ago and interest rates are still around 4%.

Sellers should realize that waiting to make the move while mortgage rates are increasing
probably doesn’t make sense. As rates increase, the price of the house you can afford will
decrease if you plan to stay within a certain budget for your monthly housing costs.

The chart on the right
details this point.

With each quarter of a
percent increase in
interest rate, the value of
the home you can afford
decreases by 2.5% (in this
example, $10,000).
Experts predict that
mortgage rates will
increase by at least half a
point by this time next
year.

Act now to get the most
house for your hard-
earned money.

JEREMY MORGAN, Realtor® 214-236-2914 www.RayHubbardRealEstate.com 11