Increasing mortgage rates affect home value.

The Impact of Mortgage Rates on Home Values

Property Value Impacted by Mortgage Rates

Many real estate experts have noted the possible effect that rising rates will have now and in the near future on the value of homes.  Low mortgage rates were a major factor in the market’s recovery the past several years.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors (NAR) all project 2017 mortgage interest rates will rise. Increasing interest rates will definitely impact purchasers and may stifle demand.  The fed has already indicated they will most likely raise rates soon, possibly in March.

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Mortgage Interest Rates Are Going Up

According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate has jumped up.  The last few weeks we’ve seen 3.94% to the current higher rate of 4.03%.   Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly.  […]

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