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Mortgage Rates Impact on 2017 Home Values

Mar 2, 2017   //   by Ben Gerritsen   //   Mortgage News  //  Comments Off on Mortgage Rates Impact on 2017 Home Values

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Mortgage Rates Impact on 2017 Home Values | Simplifying The Market

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will

Bottom Line

Most experts believe that rates would need to hit 5% or above to have an impact on home prices.

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