interest rates: Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!
- 03/30/18 06:23 PM
Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year. The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home. Don’t let the prediction that rates will increase stop you from purchasing your dream home this year. Let’s take a look … (3 comments)
interest rates: Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices
- 03/29/18 01:16 PM
Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home PricesRecently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. From the report: “For current homeowners, the decision to buy … (0 comments)
interest rates: The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
- 03/22/18 05:33 PM
The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home! You might also enjoy reading... Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling! Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC] Mortgage Rates on FIRE! Home Prices Up in Smoke? Homeownership: … (1 comments)
interest rates: Low Interest Rates Have a High Impact on Your Purchasing Power
- 02/01/18 10:35 AM
Low Interest Rates Have a High Impact on Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain … (0 comments)
Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year.
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