Moving UpTo Wait or Not to Wait……that is the question

Thinking about moving up to the home of your dreams?

Comparison Today Current Home Move-up Home

2006 Price $300,000 $400,000

Current Price (-25%) $225,000

Loss/Savings $75,000

Net Gain for Move-Up seller

The Move-Up Seller

Comparison Today Current Home Move-up Home

2006 Price $300,000 $400,000

Current Price (-25%) $225,000 $300,000

Loss/Savings $75,000 $100,000

Net Gain for Move-Up seller $25,000

The Move-Up Seller

Projected Home Prices - 2013

Home Price Expectation Survey 3/2013

A nationwide panel of 118 economists, real estate experts and investment and market strategists expects home values to end 2013 up an average of 4.6 percent according to the latest Home Price Expectations Survey.

Projections call for 30 year mortgage rates to hit 5.5% by the end of the year…

Mortgage Rates Moving Forward

MBA 3/2013

and, they have already started to

inch upward…

3.3

3.35

3.4

3.45

3.5

3.55

3.6

3.65

Recent Rate MovementRecent Rate Movement

Freddie Mac 3/2013

30 Year Fixed Rate Mortgage

This Year

The Move-Up Seller

Price Rate P&I

Today $300,000 4.3%

End of Year $313,800 5.5%

Monthly Savings

The Move-Up Seller

Price Rate P&I

Today $300,000 4.3% $1,484.61

End of Year $313,800 5.5% $1,703.37

Monthly Savings $218.76

Call or text(602) 558-3843to discuss the possibilities