Where Are Mortgage Interest Rates Headed In 2018

Dated: February 19 2018

Views: 255

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   The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.As you can see, interest rates are projected to increase steadily over the course of the next 12 months.



How Will This Impact Your Mortgage Payment?


Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.


According to CoreLogic’s latest Home Price Index, national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year.


If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home.


Bottom Line 

Even a small increase in interest rate can impact your family’s wealth. Meet with a local real estate professional to evaluate your ability to purchase your dream home.


I am here for You to make sure the process flows smoothly, I am available to answer all questions you may have! Don't hesitate to contact me for more information at 512.632.3162 or email me at Christina@TeamPrice.com!

Interested in Buying or Selling a Home/Investment Property? 

Please contact me anytime for a Free Market Value Analysis. 

http://christina.buyinginaustin.com/ 


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 Christina Haverty 

 REALTOR®, GREEN, GRI, CNE 

 512 693 8604 office /512 632 3162 cell 

 http://christina.buyinginaustin.com/ 

 Turning Savvy, Informed Austin Area Urbanites into Successful Homeowners, Investors, Sellers and Leaser’s!

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Christina Haverty

Turning Savvy, Informed Austin Area Urbanites into Successful Homeowners, Investors, Sellers and Leaser’s!....

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