Interest Rates – Where are They Headed?
With interest rates still below 4%, many buyers may be undecided about purchasing a home now or waiting until next year.
If you look at what the four major reporting agencies are predicting for 2016, it may help make the decision for you. The chart below averages the predictions by quarter.
With the exception of Fannie Mae, experts agree interest rates will increase by three-quarters of a percentage point, costing you more to pay back your loan.
Real Estate Bottom Line
Even a small increase in interest rates can put a dent in your family’s wealth. Let’s talk now.
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