Rising mortgage rates are on my mind as a potential home buyer. When we first started looking for a home last year, rates were below 4%. Since then, they’ve risen to an average of 4.25% as of last week and have continued to rise this week. This doesn’t mean that rates will continue to rise.
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"At E Mortgage Management (EMM) we think home and property buyers have had the ‘hot hand’ for some time now, but lady luck may not be smiling for too much longer. What do we mean? Well, interest rates.
Low Mortgage Rates, High demand fueled 2016 Housing Market. The year 2016 proved to be a hot one for real estate. Home values, prices and sales showed some of their strongest numbers since before.
Mortgage rates in the US are being driven higher by higher US Treasury yields, rising commodity prices, higher gas prices and a stream of good economic news. Even though borrowing costs are higher than last year, the demand for home buying credit continues to be strong.
Mortgage rates have spiked over the past few weeks, rising at the fastest pace since 2010, sparking fears that the housing market could weaken and undermine the country’s economic recovery. In the.
Home Mortgage Rates & Purchasing Update. by Amy Lignor . When it comes to the facts and figures of the real estate market for 2018, most experts have been making sure to tell buyers that if they’re looking to purchase a home they should do it ASAP.
Mortgage rates are on the rise and hurting buyers. Here’s what you need to know if you plan to buy a home this year. The worst of all possible confluences for home buyers got a bit worse this week: mortgage interest rates jumped up again, to the highest level in five years.
A loan officer’s perspective as to why it is so hard to get a mortgage nowadays.. First time home buyers will want to buy a cheaper home, many of which will need some sweat equity.. I think the only babies are those who do not TRY to take advantage of lower mortgage rates. Yes, it is a process, but here in 2016, interest rates are back.
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Flickr/kio Rising mortgage rates are the top worry for people thinking of buying a home someday, and 56% of Americans say they would be discouraged from homeownership if rates reach 6%. But pay.