Is Waiting to Buy Your Road to Nowhere?
For several years now rising home prices in Keller, Southlake, Trophy Club and other North Texas areas have forced home buyers to expect less and less for their home buying dollars. Now rising interest rates appear be an additional factor those considering a home purchase will have to navigate as well. Just like rising home prices, rising mortgage interest rates have a direct impact on your monthly payment and which homes you can qualify to buy.
And each step up in rates, especially when combined with increasing housing prices, bodes poorly for those sitting on the fence.
Where are mortgage interest rates going in 2018? Below are the projections from Freddie Mac’s U.S. Economic & Housing…