Several top institutions in the real estate industry are projecting an increase in mortgage rates over the next four quarters.
Record Low Mortgage Rates are Making Homes More Affordable
Homeowners are the clear winners. Low mortgage rates mean the cost of owning is at historically low levels and who gains all the benefits of strong house price appreciation? Homeowners.
Mortgage Rates & Payments by Decade
Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant.