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.
CoreLogic has projected a nationwide 5.2% home value appreciation for the next twelve months. Here is their breakdown by state:
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:
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.
Author:Sherry Cabrera Phone: 214-454-6969 Dated: December 3rd 2015 Views: 602 About Sherry: Sherry was raised in Mississippi and moved to Dallas 16 years ago with her daughter. Prior to movin...
"I have known and worked with Kellye for many years. She is a great agent, a true real estate professional. She cares about her clients and will go above and beyond going the extra mile to find them the perfect home. She is an asset for both buyers and sellers taking care of them with integrity and her knowledge of real estate. Highly recommend her to anyone looking to buy or sell!"