Mortgage Interest Rates Are Going Up Should I Wait To Buy

Dated: 11/28/2017

Views: 14

Image title

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades:

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.


Read this & other articles here

Latest Blog Posts

Saint Clair Shores - First Time Home Buyer!

Congratulations to Bryce on his very FIRST home!! I was happy to help him find this gem in St. Clair Shores!;

Read More

You Need an Agent Who Will Always Put You First

Whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well

Read More

To Blog or Not To Blog

To Blog or not to Blog??Hours can be spent expending your ideas and thoughts on an issue through blogging, but who really is reading them? how do you reach the masses? and when you do... why would

Read More

Where Are Mortgage Interest Rates Headed In 2019?

Where Are Mortgage Interest Rates Headed In 2019? Tuesday September 25th, 2018  First Time Home Buyers, For Buyers, For Sellers, Interest Rates,Move-Up BuyersThe

Read More