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

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Real Estate Agent with LUVA Real Estate RS 62947
http://activerain.com/droplet/4XKB

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Mortgage Interest Rates Just Went Up… Should I Wait to Buy? | Simplifying The Market

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

 Tuesday November 29th, 2016  First Time Home BuyersFor Buyers, Interest RatesMove-Up Buyers

Aloha, Lance and Kimi here from LUVA Real Estate bringing you your real estate minute. 

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? | Simplifying The Market

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 

Aloha and Mahalo,

Lance Owens (RS) and Kimi Nagatoshi (RS) with LUVA Real Estate in Kailua Kona, HI 

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Aloha, and have a great day 

Lance Owens (RS)

(808) 936-8383

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

LUVA Real Estate 

75-240 Nani Kailua Dr #8 , Kailua Kona, HI. 96740 (Pines Plaza) 

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Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Looks like the looming threat of interest rate increases is prompting more buyers to enter the market this year. 

May 17, 2017 11:40 PM #1
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Rainmaker
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Lance Owens (RS)

Getting transactions done, when nobody else can!
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