Hooray, it’s springtime on the New Hampshire Seacoast!

By
Real Estate Agent with RE/MAX Shoreline New Hampshire & Maine

What You Can Expect from the Spring Housing Market

What You Can Expect from the Spring Housing Market | MyKCM

As the spring housing market kicks off, you likely want to know what you can expect this season to buy or sell a house. While multiple factors are causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.

Here’s a look at what experts say you can expect this spring.

1. Mortgage Rates Will Climb

Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a whole point in the past six months. And despite some mild fluctuation in recent weeks, experts believe rates will continue to edge up over the next 90 days. As Freddie Mac says:

“The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”

Read the rest of the story here

 

Posted by

Jim Lee , REALTOR®, Certified Residential Specialist (CRS)

http://JimLee.com  RE/MAX Shoreline

100 Market St., Suite #200, , Portsmouth, NH 03801 Phone: (603) 431-1111 x3801

Visit New Hampshire Maine Real Estate.com to search homes, get Seacoast area information, and find out how great living on the New Hampshire and southern Maine Seacoast really is.

 

Follow RealtorJimLee on Twitter

Comments (4)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jim Lee this report is not correct.  As someone who per-qualifies borrowers everyday, and therefore is constantly looking at the interest rates, interest rates have actually increased close to 2 percent in the last two months alone.  I would love to know how the people putting out these report come up with their data, because I find their date  to not be current and accurate.

Mar 25, 2022 02:46 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

As people are so anxious to get space, the modest increase in rates should be negligible when considering that rents will also be going up

Mar 25, 2022 03:11 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Jim,
Thank you for sharing the real estate information.
Buyers and sellers in your area will benefit from your expertise.
Wishing you continued success.
Bob

Mar 25, 2022 10:43 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Jim,
Thank you for sharing the real estate information.
Buyers and sellers in your area will benefit from your expertise.
Wishing you continued success.
Bob

Apr 02, 2022 07:39 PM