Mortgage Interest Rates Reverse Course in 2017 #TimeToBuy

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Real Estate Agent with Allison James Elite CA. BRE 01501699
Mortgage Interest Rates Reverse Course in 2017 | MyKCM

To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end of the year.

However, the exact opposite has happened. Instead of higher rates as we head into the middle of 2017, we now have the lowest rates of the year (as reported by Freddie Mac). Here is a graph of mortgage rate movement since the beginning of the year:

Mortgage Interest Rates Reverse Course in 2017 | MyKCM

Projections still call for an increase…

Four major entities (Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors) are still projecting that rates will increase by the fourth quarter of the year.

Mortgage Interest Rates Reverse Course in 2017 | MyKCM

Bottom Line

No one knows for sure where interest rates will be in six months. However, if you are thinking about buying your first house or trading up to the home of your dreams, you can still get a mortgage at historically low rates RIGHT NOW.

 

 

Las tasas de interes hipotecarias cambial de curso en 2017

Para comenzar el año, todos los expertos de la vivienda coincidieron en una cosa: 2017 iba a ser el año que podríamos ver las tasas de interes empezar a aumentar. Después de años de tasas históricamente bajas, y una economía mejorando, la pregunta no era sí podrían aumentar, sino que tanto podrían aumentar. Algunos pensaron que veríamos las tasas alcanzar el 5 a 5.5 % para finales del año.

 

Sin embargo, ha sucedido exactamente lo contrario. En vez de tasas de interes más altas mientras entramos a mediados de 2017, ahora tenemos la tasa de interes más baja del año (según informo Freddie Mac). Aquí hay una gráfica del movimiento de las tasas de interes desde el principio del año:

Las tasas de interes hipotecarias cambial de curso en 2017 | Simplifying The Market

Las proyecciones siguen pidiendo un aumento…

Cuatro de las entidades más importantes (Freddie MacFannie Mae, la Asociación de banqueros hipotecarios y la Asociación nacional de Realtors) aún están pronosticando que las tasas van a aumentar para el cuarto trimestre de esta año.

Las tasas de interes hipotecarias cambial de curso en 2017 | Simplifying The Market

En conclusión,  

No se sabe a ciencia cierta donde estarán las tasas de interes en seis meses. Sin embargo, si usted está pensando en comprar su primera casa o intercambiar a la casa de sus sueños, usted todavía puede conseguir una hipoteca con tasas históricamente bajas AHORA MISMO.

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Chris B Johnson
Chris B
Johnson
Realtor
CDPE, SFR, BPOR, HAFA, CDAT, PSC, QSC
Allison James Elite
Moorpark CA
(805) 208-0823
Your home is probably the biggest asset that you own. That is why you need to choose a partner, who is working for YOU to get the job done correctly, the first time. One who is concerned about Quality, not Quantity.
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