mortgage rates impact on home prices

Mortgage Rates Impact on 2017 Home Values

shannonjones Featured Articles , Real Estate Leave a Comment

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand. In a recent study of industry experts, “rising mortgage interest rates, and their impact on mortgage affordability” was named by 56% as …

Winter-Rates

Where Are Mortgage Rates Headed?

Shannon Featured Articles , Real Estate Leave a Comment

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where mortgage rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s October 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of the next 12 months. How Will This Impact Your Mortgage Payment? Depending on the amount of the loan …

mortgage rates

Where Are Mortgage Rates Headed?

Shannon Buying a Home , Featured Articles , Real Estate Leave a Comment

The mortgage interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s July 2015 U.S. Economic & Housing Marketing Outlook. As you can see mortgage rates are projected to increase steadily over the course of the next 12 months. How Will This Impact Your Mortgage Payment? Depending on the amount of the loan that …

mortgage rates

Where will mortgage rates be in 12 months?

Shannon Buying a Home , Featured Articles , Real Estate Leave a Comment

If you are considering buying a home, one of the biggest factors that will influence your monthly payments is your interest rate. One of the biggest questions plaguing the current housing market is where mortgage rates will be at this time next year. Over the last two months, interest rates have begun to creep up. Though we don’t like to project rates moving forward, we do want you and your family to have the information you need in order to decide whether to wait before buying your first house or moving up to your ultimate dream home. Here are the most …

mortgage rates - the deal of the century

Mortgage Rates – Deal of the Century

Shannon Buying a Home Leave a Comment

Recently, Freddie Mac published a blog post titled Mortgage Rates: Still the Deal of the Century. They explained that, if you are planning to purchase a home, now may be the time: “If you are in the market to buy a home, today’s average mortgage rates are something to celebrate compared to almost any year since 1971.” And they let their readers know that there is no guarantee that rates will remain this low: “Over the past few years, we’ve enjoyed a long run of historically low mortgage rates. While no one expects them to change dramatically overnight, they are …