Jul 21 2016 21851 1

Dated: 07/21/2016

Views: 1104

Don’t Wait! Move Up To Your Dream Home Now!

Freddie Mac predicts that mortgage rates will be closer to 4.7% by this time next year.

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows.

Sellers should realize that waiting to make the move when mortgage rates are projected to increase probably doesn’t make sense. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain budget for your monthly housing costs. 

Here is a chart detailing this point:

Don’t Wait! Move Up To Your Dream Home Now! | Simplifying The Market

According to Freddie Mac, the current 30-year fixed rate is currently around 3.75%. With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, by $10,000).

Freddie Mac predicts that mortgage rates will be closer to 4.7% by this time next year.

Act now to get the most house for your hard-earned money.

Call or email me now to schedule a chat on how we can best achieve your real estate needs.

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Angela Canete

Angela understands how complex the real estate market can be; she personally enjoys helping others buy or sell property. She is passion-driven, and known for guiding her customers through the whole p....

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