Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one.

So, is now the right time to buy a home?

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Let’s face it, whether you’re renting or you own your home, you paid more in housing cost last year. Let’s talk about what it may be really costing you to wait on a decrease in rates.

From Keeping Current Matters 

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house.

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