If you are considering buying a home and just waiting for the "right" time. Don't wait too long you may miss out in the historic low interest rates. The economic reports the last couple days have influenced a slight move up in rates up slightly. Employment report is out tomorrow. Good news in the economy translates to higher interest rates.
Keep in mind the overall cost to of a rate increase is ---- On a $200,000 mortgage an increase of 0.25% to rate means a difference of $29/month. That $29 a month is equivalent to nearly $6,000 in purchase power.
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