Mortgage Interest Rates Went Up Again… Should I Wait to Buy?

    Mortgage Interest Rates Went Up Again… Should I Wait to Buy?   Tuesday March 14th, 2017  First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.  This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.  Here is a chart showing the average mortgage interest rate over the last several decades.  Mortgage Interest Rates Went Up Again… Should I Wait to Buy? | Simplifying The Market  Bottom Line  Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

    Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

    This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.

    Here is a chart showing the average mortgage interest rate over the last several decades.

    Mortgage Interest Rates Went Up Again… Should I Wait to Buy? | Simplifying The Market

    Bottom Line

    Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

    Keeping Current Matters with Rinehart Realty

    Trackback from your site.

    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback