{"id":3432,"date":"2021-03-03T05:00:07","date_gmt":"2021-03-03T11:00:07","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/how-smart-is-it-to-buy-a-home-today\/"},"modified":"2021-03-03T05:00:07","modified_gmt":"2021-03-03T11:00:07","slug":"how-smart-is-it-to-buy-a-home-today","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/how-smart-is-it-to-buy-a-home-today\/","title":{"rendered":"How Smart Is It to Buy a Home Today?"},"content":{"rendered":"

\"How<\/p>\n

Whether you\u2019re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move.<\/span><\/p>\n

However, there\u2019s one category that provides a simple answer. When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions:<\/p>\n

    \n
  1. Do I think home values will be higher a year from now?<\/li>\n
  2. Do I think mortgage rates will be higher a year from now?<\/li>\n<\/ol>\n

    From a purely financial standpoint, if the answer is \u2018yes\u2019 to either<\/strong> question<\/strong>, you should strongly consider buying now. If the answer to both questions<\/strong> is \u2018yes,\u2019 you should definitely buy now.<\/p>\n

    Nobody can guarantee what home values or mortgage rates will be by the end of this year. The experts, however, seem certain the answer to both questions above is a resounding \u2018yes.\u2019 Mortgage rates are expected to rise<\/a> and home values are expected to appreciate<\/a> rather nicely.<\/p>\n

    What does this mean to you?<\/strong><\/h4>\n

    Let\u2019s look at how waiting would impact your financial situation. Here are the assumptions made for this example:<\/p>\n