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The cost of moving

Posted by The Aramco Group on Wed, May 23, 2018 @ 14:05 PM

You've paid the deposit, escrow is closing and now it's time to pack. The period before a move is often the most exciting but for some, the transition period itself can be daunting. Getting your belongings from point A to point B can be as simple as loading up a truck but that is easier said than done.

According to research by online real estate site Zillow, the cost of moving can vary depending on many factors. Will you hire movers or do it yourself? Are you moving across town or across the country? How many boxes will you need? Putting together a plan can help those relocating formulate a budget.

The experienced also know that the best way to save money when moving is to move fast. Truck rentals, professional movers, storage costs and overlapping rent and mortgage payments can add up each day.

Today, conforming no-point 30-year fixed mortgage rates are averaging 4.625 percent, 15-year rates are near 4.0 percent and the 5-year ARM is averaging 4.25 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.