Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices

Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year.

 

Many believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand,...

Read More

The Cost of Waiting: Interest Rates Edition

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5 percent to start searching for your dream home!

Source: Real Estate with Keeping Simple Matters

Read More

What is in store for New Home Construction in 2018

 

After several years of skyrocketing home prices and tightening inventories, the dust is finally starting to settle in the housing market, leaving home builders surveying a vastly different real estate landscape than when the recovery began.

A flurry of home buying activity has decimated the nation’s home inventories, spurring intense competition and bidding wars. Skyrocketing sale prices have edged out many first-time buyers as well as those at the lower end of the income spectrum,...

Read More