What We Have Heard About Rates:
We have all heard the rumors that interest rates will be rising soon. This article from Realtor Magazine shows us that there is good news! Freddie Mac is saying that buyers will be able to take advantage of these great rates for longer than was predicted. The great news is that the low rates we have right now will be good into 2017 – you can’t beat that.
What Does That Mean?
What’s that translate for rates? Economists predict the 30-year fixed-rate mortgage for this year to average 3.6 percent. For 2017, they are predicting the 30-year fixed-rate mortgage to average 3.7 percent.
Read the rest of the article and remember if you are looking for a new home or a friend or loved one is moving into the area – Let’s touch base!