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The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic.
The general consensus among mortgage rate forecasters is that mortgage rates will go up in 2018. Most agencies are forecasting 30-year fixed rates in the mid 4% range. It should come as no surprise that high interest rates are coming. Interest rates usually rise when the economy is doing well.
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Where Are Mortgage interest rates headed in 2018? – The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be.
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US pending home sales rose in February. by Claire Brennan March 30, 2018. national pending home sales increased 3.1 percent from January to February, according to the pending home sales index from the National Association of Realtors. Despite this increase, the index is still down 4.1 percent from last year to 107.5, likely held back by home prices, which are up 5.9 percent so far this year.
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