Cabin Branch Clarksburg MD | Mortgage Rates on FIRE! Home Prices Up in Smoke?

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

Cabin Branch Clarksburg MD | Mortgage Rates on FIRE! Home Prices Up in Smoke?

 

If you are looking to buy a home in Cabin Branch Clarksburg. As a real estate agent, I want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way. One of the methods I use is to research the current inventory almost on a daily basis, I want to know where are the best deals for my clients when it comes to purchasing a brand new home in the Cabin Branch area. 

 

Today, I would like to talk to you about  Mortgage Rates on FIRE! Home Prices Up in Smoke?

 

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.

 

What impact will rising rates have on house values?

Many quickly jump to the conclusion that an increase in mortgage rates will have a detrimental impact on real estate prices as fewer buyers will be able to qualify for a loan. This seems logical; if there is less demand for housing then prices will drop. 

However, in a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate. 

Let’s look at home prices the last four times mortgage rates increased dramatically.

 

 

READ MORE: https://www.reallynicehomes.com/blog/cabin-branch-clarksburg-md-mortgage-rates-fire-home-prices-smoke/


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Maryland Montgomery County Clarksburg Cabin Branch
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Tags:
interest rates
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Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

I shared this info elsewhere too from KCM...great stuff!

Feb 22, 2018 07:15 AM #1
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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