Saving to Buy a Home? Do You Know the Difference Between Cost & Price?

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As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home.

做為賣家,您最關心的是“短期的價格” – 接下來的六個月的房價走向。做為買家,您必須要關心的不是房價,而是房屋的“長期成本”。

Many economists have pointed to Brexit (Britain’s exit from the European Union) as a reason that interest rates will remain low for the next few months. But Trulia’s Chief Economist Ralph McLaughlin warns that this will not always be the case in a recent post:

許多經濟學家指出,Brexit(英國退出歐洲聯盟)是利率在未來幾個月將維持拉低的一個原因,但Trulia的首席經濟學家拉爾夫·麥克勞克林警告說,這並不是長久的情況:

“While the departure of the UK from the European Union has driven down the 10-year bond, and thus mortgage rates, we expect them to rebound later in the year as uncertainty over the economic consequences of the departure lifts.”

“雖然英國從歐盟退出後拉低了10年期的債券,因此抵押貸款利率降低,但我們預估今年後半年因為經濟後果的不確定性後將反彈。”

The Mortgage Bankers Association (MBA), the National Association of Realtors (NAR) and Freddie Mac all project that mortgage interest rates will increase by close to a full percentage point over the next twelve months.

抵押貸款銀行協會(MBA),全美地產經紀商協會(NAR)和房地美皆指出,房貸利率將在未來十二個月內增加一個百分點。

According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.3% over the next 12 months.

根據CoreLogic的最新房價指數報告,房屋價格將在未來12個月升值5.3%。

What Does This Mean as a Buyer?
這對買家來說代表什麼呢?

Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.3% predicted by CoreLogic over the next twelve months:

舉個簡單的例子,如果您欲購買的房屋為$250,000,房貸利率上升,並像CoreLogic預測在未來十二個月房價上升5.3%,這是對您房屋開銷的影響:
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