Where Are Interest Rates Headed This Year

Dated: 01/26/2016

Views: 325

Where Are Interest Rates Headed This Year?

Where Are Interest Rates Headed This Year? | Keeping Current Matters

With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year.

If you look at what the four major reporting agencies are predicting for 2016, it may make the decision for you. The chart below averages the predictions by quarter.

Mortgage Rate Projections | Keeping Current Matters

With the exception of Fannie Mae, the experts agree that interest rates will increase by three-quarters of a percentage point, costing you more to pay back your loan.

Bottom Line

Even a small increase in interest rates can put a dent in your family’s wealth. 

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Danielle Guzman

Danielle Guzman Querry has been actively involved in real estate for over 5 years. She loves what she does, she loves to help people, and she loves the real estate business. Danielle has systems in ....

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