Mortgage Rates Increasing for keys

Mortgage Rates Increasing-Get Off The Fence!

Thomas Gilliam Blog , buyers , mortgage rate , mortgage rate increases , mortgage rates , Oakland County Leave a Comment

Mortgage Rates Increasing Can Effect What You Can Afford When you’re buying a home in Oakland County, Michigan, you might think the price you offer is ultimately the price you’ll pay, but if you’re buying a home with a mortgage, that’s not the case. With a mortgage, in addition to paying your principal (the amount of money the bank loans you to purchase your home), you’ll also pay the interest rate on that principal—which is why the mortgage rates increasing on a mortgage loan is so important to you as a home buyer or potential home buyers. Interest rates on mortgages …

interest rate increases

Interest Rate Increases Leaves Worried Homeowners

Thomas Gilliam Blog , home values , homeowner effects , interest rate increases Leave a Comment

With today’s rising interest rates speculated to go higher this year, a big change from the past few years, many homeowners are increasingly nervous  about what the interest rate increases will mean to their property values. The interest rate increases is projected to an entire percentage point later this year of 2018 according to a recent report by Freddie Mac. The interest rate increases is slated to go from end of 2017’s 3.9% to 4.9% by Q4 2018. Also according to another recent article by Freddie Mac, there is nothing for current homeowners to worry about. Interest Rate Increases VS …

Mortgage rates climb lets find you a new home

Mortgage Rates Took a Big Jump Home Buyers

Thomas Gilliam Blog , buying a house , freddie mac , home buyers , mortgage rates , mortgage rates jump , rates Leave a Comment

Are you thinking about buying a home in 2018? Are you on the fence about entering the real estate market? If so, you might want to consider buying sooner rather than later. Mortgage rates just rose again, and economists from Freddie Mac and other groups are predicting that they could rise gradually throughout 2018. Mortgage Rates Hit Highest Level Since December 2016 During the week of February 8, 2018, the average rate for a 30-year fixed home loan rose to 4.32%. Rates haven’t been that high since December 2016. This is based on the weekly mortgage industry survey conducted by …