Prices & Mortgage Rates Going Up in 2016!

How Much?  Interest Rates are Going Up Soon!

With both home values and interest rates projected to increase over the next twelve months, buying (or moving-up), sooner rather than later, makes sense!!!

An interest rate hike will impact everyone who is wanting to get a home mortgage, car loan, savings account or money in the stock market.

In short, life is about to get better for savers and a little harder for borrowers. Investors could also face tougher times.

Whether you are a Seller, wanting to move up or downsize or a  First-Time Homebuyer who is currently renting (did you know, rental rates are also predicted to go up?) and have questions and/or would like more information - Call or text me at (630) 669-2401 or email me at mmancano@c21affiliated.com and let me and my Real Estate Dream Team help you!  Monica Mancano, REALTOR®, MRP, AHWD, Century 21 Affiliated

Our pledge to you is that we will be with you every step of the way!

Call or text me­ at (630) 669-2401 TODAY

so we can start this incredible journey of helping you find your new Dream Home!­

Check out all the MLS properties that are currently available

on my Real Estate Website www.MonicaMancano.com

(Ranked #1 - Century 21 Affiliated Agents)

Enjoy the article!

Prices & Mortgage Rates Going Up in 2016 by KCM Crew

Prices and Mortgage Rates Going Up in 2016 | Keeping Current Matters

The monthly mortgage payment on a home is determined by two elements

1.  The price of the house

2.  and the interest rate you pay on your mortgage.

Recently released reports are revealing that the experts expect both elements to increase in 2016!

HOME PRICES

CoreLogic has projected a nationwide 5.2% home value appreciation for the next twelve months.

Here is their breakdown by state:

Pricing Forecast | Keeping Current Matters

MORTGAGE INTEREST RATES

All four of the entities that provide projections on mortgage interest rates agree: they’re going up in 2016!

Here are the predictions over the next four quarters:

Interest Rates | Keeping Current Matters

Bottom Line

With both home values and interest rates projected to increase over the next twelve months, buying (or moving-up), sooner rather than later, makes sense!!!

 

 

 

Monica Mancano

Monica Mancano

REALTOR®, SRES®, MRP, AHWD
Contact Me

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