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Feb 02

Where Are Interest Rates Headed in 2016?

Gold-House-Percentage-KCMWith interest rates still below 4%, are you sitting on the fence

… act now and purchase a new home, or, wait until next year?

However, 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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