Posts Tagged ‘Interest Rates’
The Surprising Reason Home Sales are Down 3%
Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real…Read More
Where Are Interest Rates Headed in 2018?
If you are considering moving up to your dream home, it may be better to do it sooner rather than later. The two components of your monthly mortgage payment (home prices & interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions…Read More