[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f16et4hiwrn7cq":3,"$ffeh0925h8cuz":55,"$f2emv3tus0uf1":59,"$fbwk2pqjjqsc7":63},{"item":4,"previous":43,"next":49},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":41,"updatedAt":42},976,"what-is-the-cost-of-waiting-until-next-year-to-buy","What is the Cost of Waiting Until Next Year to Buy?","We \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F12\u002F06\u002Fhome-prices-up-7-from-last-year\u002F\">recently\u003C\u002Fa> shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F12\u002F12114748\u002F20171213-Share-STM.jpg","We \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F12\u002F06\u002Fhome-prices-up-7-from-last-year\u002F\">recently\u003C\u002Fa> shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market.\u003C!--more-->\r\n\r\nAs a seller, you will likely be most concerned about \u003Cem>‘short-term price’\u003C\u002Fem> – 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 \u003Cem>‘long-term cost’\u003C\u002Fem> of the home.\r\n\r\nThe \u003Cem>Mortgage Bankers Association\u003C\u002Fem> (MBA)\u003Cem>, Freddie Mac, \u003C\u002Fem>and\u003Cem> Fannie Mae\u003C\u002Fem> all project that mortgage interest rates will increase by this time next year. According to \u003Cem>CoreLogic’s\u003C\u002Fem> most recent \u003Cem>Home Price Index Report\u003C\u002Fem>, home prices will appreciate by 4.7% over the next 12 months.\r\n\u003Ch4>\u003Cstrong>What Does This Mean as a Buyer?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIf home prices appreciate by 4.7% over the next twelve months as predicted by \u003Cem>CoreLogic\u003C\u002Fem>, 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:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F12\u002F20171213-STM-ENG.jpg\">\u003Cimg class=\"alignnone wp-image-36718\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F12\u002F20171213-STM-ENG.jpg\" alt=\"What is the Cost of Waiting Until Next Year to Buy? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf buying a home is in your plan for 2018, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.","\r\nIf buying a home is in your plan for 2018, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F12\u002F20171213-STM-ENG.jpg",false,[17,21,25,29,33,37],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices",{"id":30,"name":31,"slug":32},11,"First-Time Buyers","first-time-buyers",{"id":34,"name":35,"slug":36},35,"Mortgage 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Selling?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F12\u002F12105820\u002F20171214-Share-STM.jpg","2017-12-14T10:00:10Z",{"cover":56,"open":57,"shareSpread":58},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":60,"open":61,"shareSpread":62},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[64,68,69,70,74,78,79,80,84,85,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154,158,162],{"id":65,"name":66,"slug":67},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":71,"name":72,"slug":73},7,"Foreclosures","foreclosures",{"id":75,"name":76,"slug":77},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":81,"name":82,"slug":83},34,"Senior 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