Buy Now or Wait a Year: What the Current Mortgage Trends Mean for Homebuyers

Homebuying has been nothing short of a frenzy over the past two years for many reasons. If you’ve been thinking of buying a home but haven’t yet pulled the trigger, you’re now facing a conundrum as both home prices and interest rates have spiked higher. This combination of forces has made homes unaffordable for many would-be purchasers, especially first-timers. The obvious question buyers face now is whether it’s too late to jump into the housing market or if things will only get more out of control over the coming year?

Learn more on Yahoo! Finance: Buy Now or Wait a Year: What the Current Mortgage Trends Mean for Homebuyers.