Prices And Mortgage Rates Set To Rise In 2016

Dated: 12/04/2015

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Prices and Mortgage Rates Going Up in 2016 | Keeping Current Matters

The monthly mortgage payment on a North Texas 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:


Pricing Forecast | Keeping Current Matters



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:


Interest Rates | Keeping Current Matters


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. If you'd like a comprehensive valuation of your Dallas Fort Worth area home or market conditions, contact us. We look forward to earning your business.

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Lisa Birdsong

Top 1% of Texas Real Estate Teams; McSam Realtor of the Year, 2016; Certified Residential Specialist, CRS D Best Realtor, 2016, 2017 Castle Hills Realtor Advisory Board, 2016; Windsong Ranch Real....

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