Prices Mortgage Rates Going Up In 2016

Prices Mortgage Rates Going Up In 2016

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:


Pricing Forecast | Keeping Current Matters


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 | Keeping Current Matters


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.


Sherry Cabrera Headshot
Author:
Phone: 214-454-6969
Dated: December 3rd 2015
Views: 650
About Sherry: Sherry was raised in Mississippi and moved to Dallas 16 years ago with her daughter. Prior to movin...

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