Prices & #mortgage Rates Going Up in 2016:
The monthly #mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your #mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016.
HOME PRICES
CoreLogic has projected a nationwide 5.2% home value appreciation for the next twelve months. Here is their breakdown by state:
#mortgage INTEREST RATES
All four of the entities that provide projections on #mortgage interest rates agree: they’re going up in 2016. Here are the predictions over the next four quarters:
Bottom Line
With both home values and interest rates projected to increase over the next twelve months, buying (or moving-up), sooner rather than later, makes sense. http://www.simplifyingthemarket.com/2015/12/03/prices-mortgage-rates-going-up-in-twenty-sixteen/?a=242769-4eb2112ad1caac540e99a63dd199d5ed
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