If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:
“While full employment and rising inflation aresigns of a strong economy, they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.”
“By the time we get to thefourth quarter of this year, we will still be under 5 percent – we are thinking4.7 percent…Something north of 5 percent by the time we get to 2018, and by the time we get to 2019, we show fourth-quarter rates hitting 5.5 percent.”
“Despite some regional disparities, title agents and real estate professionals do not expect increasing mortgage rates to have a significant impact on the housing market this spring. Continued good economic news, increasing Millennial demand and confidence that buyers will remain in the market even ifrates exceed 5 percent bode well for 2017 real estate.”
Buying & Selling Real Estate in Northern Kentucky or Greater Cincinnati
Everything you need to know about Buying or Selling a home can be found on this site. As a preeminent REALTOR® in the Northern Kentucky communities of; Boone, Kenton, Campbell & Grant counties, Jason Asch and his team of real estate professionals are truly dedicated to producing the finest service available for their clients. Jason Asch is the #1 Keller Williams agent in Northern Kentucky for Volume and units sold. With over 20 years of full time award winning service use Jason and his team as a resource for your next move.
Located in this site you will find: homes for sale, real estate news and resources updated on a daily basis, complete information on how to buy a home, area & school information for relocating transferees, statistical reports pertaining to market conditions and other tools that maximizes information for the real estate consumer.
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"Jason was nothing short of, great! I highly recommend his services for any of your real estate needs. Jason was always available to answer any questions I might have regarding the sale of my home and guided me flawlessly throughout the whole process."