Tag: higher mortgage rates

Oh my! The difference a year can make!

 Important Points To Consider: The latest Freddie Mac Primary Mortgage Market Survey reports the 30-year fixed rate at 3.7%. Freddie Mac’s projection for Q2 2016 is that the rate will be 4.7% (a full percentage point higher) The Home Price Expectation Survey predicts that home prices will appreciate by 4.4% during this same time The …

Continue reading

House Punting: The Cost of Waiting to Buy

What would a higher interest rate actually mean for your purchase of a new home? To put a price tag on the potential cost of waiting to buy a home Zillow assumed that the rate on a 30-year fixed-rate mortgage would rise 1 percentage point, and then calculated how that higher rate — which would be about …

Continue reading