• remaxelitebroker@gmail.com
  • (321) 775-8110

Prices & Mortgage Rates Going Up in 2016

  • 0

Prices & Mortgage Rates Going Up in 2016

Tags : 

The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016.

HOME PRICES

CoreLogic has projected a nationwide 5.2% home value appreciation for the next twelve months. Here is their breakdown by state:

Forecasted Prices | Simplifying The Market

MORTGAGE INTEREST RATES

All four of the entities that provide projections on mortgage interest rates agree: they’re going up in 2016. Here are the predictions over the next four quarters:

Interest Rates | Simplifying The Market

Bottom Line

With both home values and interest rates projected to increase over the next twelve months, buying (or moving-up), sooner rather than later, makes sense.

Source: Simplifying the market


Connect With Us!

Visit Us On TwitterVisit Us On FacebookVisit Us On GooglePlusVisit Us On PinterestVisit Us On YoutubeVisit Us On LinkedinVisit Us On Instagram

SAVE THE DATE!

Office Calendar

Our Preferred Partners

Peek Inside RE/MAX Elite!

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Learn how RE/MAX Elite can take your real estate career to the MAX!