Where are mortgage rates headed in 2018?
That’s the big question on the minds of home buyers. Mortgage Rate increases means higher payments. It could also mean you have to settle on less of a home.
BankRate.com conducts a survey of panelists each week and here’s the latest results:
- 72% of panelists expect rates to go up in 2018
- 17% expect rates to remain about the same
- 1% expect rates to go down
Of course, when we talk about rates we have to ask which rate? Are you asking about Conventional Financing, FHA Financing, VA Financing, Jumbo Loans, USDA, etc. Unless you are a REALTOR® or Mortgage Loan Officer that might be confusing.
Here’s the bottom line. If you are thinking about buying a home in 2018 it’s probably best to buy sooner rather than later.
I have a Mortgage Loan Officer on my team who does a fantastic job with the buyers who work with me. I can help.
So, if you’re thinking about buying in 2018, do these 2 things right now:
- Pick up the phone and call me at 512-516-4666
- See number 1