The Last 40 Years of Mortgage Rates- What Does the Future Have in Store?

When I bought my first house I think our rate was 14%. It was high, but all we wanted to do was buy a house of our own. While home prices have increased dramatically, first time home buyers are very fortunate to offset that with the current rates. Could you imagine what it would be like to pay $1,000,000 plus have an interest rate of 14%? It would be crazy!

Taken from Keeping Current Matters

Taken from Keeping Current Matters

For any present or future buyers, it is good to be aware of the projected mortgage rates. Below are a few main points that were taken from Keeping Current Matters Blog Post:

  • 30-year mortgage rates are projected to increase by a full percentage point in 2016
  • Rates are still well below the past four decade averages
  • The interest rate at which you borrow the funds to purchase your dream home makes a huge difference on your monthly payment

About Suzanne O'Brien

The role of a real estate agent is to guide you through the buying and/or selling process and take the time to make sure you understand every step of the transaction. I am absolutely committed to fulfilling your needs with the highest level of professionalism, expertise and service. My commitment to listening and satisfying your needs are the foundation from which a solid business relationship is built. I realize that people do business with people they trust. I am interested in what is best for you, the client, and am committed to establishing a long-term relationship based on trust. In addition, real estate is often times very personal, about family and home and pride myself in developing relationships that now call clients my friends. I pride myself on being knowledgeable and staying current with the fast pace changes in the industry. I approach each clients’ needs individually and am constantly aware of current and upcoming inventory. My creative approach to the business has earned me wonderful associations with both clients and other real estate professionals. I am always working for you…I feel the responsibility to make your dreams a reality…one move at a time.
This entry was posted in Bay Area, Finance, Home Loans, mortgage, Real Estate and tagged , , , , , , . Bookmark the permalink.

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