Mortgage Rates Just Jumped Over 4%. Now What?
Last week, mortgage interest rates jumped over the 4% mark for the first time this year according to Freddie Mac’s Mortgage Market Survey....
Where Will Mortgage Rates Be in 12 Months?
One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to creep up (see chart)....
Mortgage Rates Over The Last 40 Years [INFOGRAPHIC]
![Mortgage Rates Over The Last 40 Years [INFOGRAPHIC] | Simplifying The Market](http://www.simplifyingthemarket.com/wp-content/uploads/2015/05/Interest-Rates-STM.jpg)
The Difference Your Interest Rate Makes [INFOGRAPHIC]
![The Difference Your Interest Rate Makes [INFOGRAPHIC] | Simplifying The Market](http://www.simplifyingthemarket.com/wp-content/uploads/2015/05/Cost-of-Interest-STM.jpg)
The Deal of the Century??
Recently, Freddie Mac published a blog post titled Mortgage Rates: Still the Deal of the Century. They explained that, if you are planning to purchase a home, now may be the time:
“If you are in the market to buy a home, today's average mortgage...
The Difference A Year Can Make [INFOGRAPHIC]
![The Difference A Year Can Make [INFOGRAPHIC] | Simplifying The Market](http://www.simplifyingthemarket.com/wp-content/uploads/2015/04/Calendar-Blue.jpg)
![The Difference A Year Can Make [INFOGRAPHIC] | Simplifying The Market](http://www.simplifyingthemarket.com/wp-content/uploads/2015/04/Payment-Difference-STM.jpg)
Some Important Points To Consider:
- The latest Freddie Mac Primary Mortgage Market Survey reports the 30-year fixed rate at 3.7%.
- Freddie Mac's projection for Q2 2016 is that the rate will be 4.7% (a full percentage point higher)
- The Home Price Expectation Survey predicts that home prices will appreciate by 4.4% during this same time
The impact waiting a year to purchase your dream home can make on your monthly payment is significant. Contact me today to discuss your options before the experts' predictions become reality!
Why Waiting To Buy Might Not Make Sense
Whether you are a first time or a move-up buyer, there are two factors that will impact the amount of house you can afford in your price range: home prices & mortgage rates.
Let’s look at what the experts are predicting over the next twelve mo...
Don’t Let Your “Luck” Run Out
The 30-year fixed mortgage interest rate is currently still below 4%. Many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year, believing they still have time to lock in a low rate.
If you look ...
Where Are Mortgage Rates Headed?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until...
Why Have Interest Rates Dropped?
The headlines agree mortgage interest rates have dropped substantially below initial projections. Many who are considering purchasing a home, or moving up to their dream home, might think that they should wait to buy, because rates may continue t...
Where will Mortgage Rates be Headed in 2015?
We finished 2014 with the 30 year fixed mortgage rate at 3.87% as per Freddie Mac. This is very close to the historic lows in the spring of 2013.
However, the Mortgage Bankers Association projects mortgage rates to be about 5% by the end of 20...
Will an Increase in Interest Rates Crush Home Prices?
There are some who are calling for a substantial drop in home prices should mortgage interest rates begin to rise rapidly. Intuitively that makes sense. The cost of a home is determined by the price of the home and the price of financing that hom...
Where Are Mortgage Rates Headed?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until...
Historic Mortgage Rates by Decade [INFOGRAPHIC]
Home Mortgage Rates: Where are They Headed?
Many readers have asked where interest rates are headed over the next several months. While no one has a crystal ball, we did want to share what some experts are saying on the subject.
HSH.com
“For now, and likely through the summer, we may see da...
Thinking of Buying a Vacation/ Retirement Home? Why Wait?
The sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of finally p...
A Home’s Cost vs. Price Explained
We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concer...
Freddie Mac: Doubtful Rates Will Return to Recent Lows
"One thing seems certain: we aren't likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012."
- Freddie Mac, March 24, 2014
There are those that hope that 30-year mortgage interest rates will head bac...
Buyers: Window of Opportunity Still Open
The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last ...
