Based on the current interest rates and trends you have been noticing, where do you see the market going this spring?

I think the market is going to be very strong this spring, if you look at the current interest rates for jumbo loans, that are still around that 4% and some banks even have interest rates under 4%, it makes it very attractive for home owners and home buyers to make that purchase they’ve been wanted to do.

As interest rates go up, the cost is going to be more expensive to obtain that same loan and I don’t know if you’re going to see home prices come down, therefore some buyers would be priced out of a certain price point if the didn’t potentially get in the market, not only this spring but sometime during 2016.

We are at a point where rates have no where to go but up, and quite frankly, it’s inevitable that that is whats going to happen. So you are someone who’s been on the fence about whether or not to get into the market, now would probably be the most ideal time to take advantage of how cheap money is to borrow, or course if you can qualify.

Visit www.freddiemac.com to see the most recent Economic & Housing Research, which address where they predict 30-year fixed mortgage rates will be headed.

Click Here to view and compare current mortgage rates.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s