Interest Rates and Home Prices to Rise

Jan 5, 2016

click here ti request a mortgage check-up

 

The tend has started interest rates and home prices are on the rise. The Fed increased the interest rates  last month and Freddie Mac has predicted 30 year fixed mortgage rates will continue to rise and home buyers  will be paying over 5% on mortgages closing in the first half of 2017.

 

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Home prices continue to increase at rates greater than inflation due to supply issues and rental rates increasing.  Higher home values means current home owners equity positions are improving.  Higher values and historically low mortgage rates mean it is a good time to review your mortgage.  (click here ti request a mortgage check-up).

 

Paul Cantor

 

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