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Where Are Rates Headed For This New Year???
January 28th, 2016 10:41 AM

Where Are Interest Rates Headed This Year?

Posted: 26 Jan 2016 04:00 AM PST

Where Are Interest Rates Headed This Year? | Keeping Current Matters With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. 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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Posted by Cheryl Talbot ABR,GRI,e-PRO,MRP,SFR on January 28th, 2016 10:41 AMPost a Comment

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