Mortgage rates heading upward in Lancaster Co, PA ?

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Real Estate Agent with KW Elite
http://activerain.com/droplet/4XKv

Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

Mortgage Interest Rates Just Went Up… Should I Wait to Buy? | MyKCM

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie MacFannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact they may no longer be able to get a rate less than 4%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades.

Mortgage Interest Rates Just Went Up… Should I Wait to Buy? | MyKCM

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago.

Buyers waiting for rates to decline rarely pays off  ! Your first step is to obtain mortgage pre-approval . Email  mikeperrykw@gmail.com to get started .
 
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Michael J. Perry

KELLER WILLIAMS Elite

www.lancaster4sale.com  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Longtime West Lampeter resident and Lancaster County Realtor!

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Topic:
Home Buying
Location:
Pennsylvania Lancaster County Lancaster West Lampeter Township
Groups:
1st Time Buyers
ABR-Accredited Buyer Representatives
Keller Williams Realty Referral Group
It's A Buyer's Market
Buyer Information - What Buyers Need to Know in Today's Market
Tags:
penn manor homes for sale
west lampeter real estate news
solanco real estate

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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Raates are not going down, people want the best rates  they are now!

Nov 29, 2016 02:43 PM #1
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Rainmaker
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Michael J. Perry

Lancaster, PA Relo Specialist
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