Mortgage Interest Rates Are Going Up Should I Wait To Buy

Mortgage Interest Rates Are Going Up Should I Wait To Buy

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac,along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades:

Image title



























Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

Image title



Will Morrissey Headshot
Author:
Phone: 860-984-6762
Dated: November 14th 2017
Views: 25
About Will: Instead of teaching the rules of the road on the water I now aid people with selling or purchasing a...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

South Kingstown Real Estate Market Report April 2018 - The South Kingstown RI Real Estate
Apr 10 2018 33613 2 - The Charlestown Real Estate
Apr 10 2018 33613 1 - The Westerly Real Estate Market
April Real Estate Market Reports -

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Rhode Island

West Hartford, CT
401-526-2174