303-915-6815
 Welcome to the COHomeSite.com Blog

2018-02-19 18:53:01
Where Are Mortgage Interest Rates Headed in 2018?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

Where Are Interest Rates Headed? | MyKCM

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year.

If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home.

Bottom Line

Even a small increase in interest rate can impact your family’s wealth. Let’s get together to evaluate your ability to purchase your dream home.

Wondering what your Boulder, Lafayette area home is worth in TODAY'S market?  Call us at 303-915-6815 or email us for a FREE, no obligation home value report. Find us on Google+

 
Blog Archive
2019-04-18 13:04:29
Local 2019 Real Estate Trends (Millennial Buyers)

2019-04-17 15:46:12
Top Outdoor Features That Buyers Are Looking For

2019-04-17 15:45:50
Top Tips For A Summer Ready Home

2019-04-10 17:28:16
Is a Real Estate Investment Still Profitable?

2019-04-08 13:25:45
Your Home’s Spring Maintenance Checklist

2019-03-12 18:11:39
4 Reasons to Buy a Home in the Spring

2019-02-07 13:54:53
The KonMari Method: Helping You Prep Your House For Sale

2019-01-18 13:53:28
What is the Cost of Waiting Until Next Year to Buy?

2019-01-15 11:25:10
Buying a Home Young is the Key to Building Wealth

2018-12-10 12:33:03
What If I Wait A Year to Buy a Home?

2018-12-05 13:09:01
Where Are Interest Rates Headed in 2019?

2018-12-04 12:31:57
The #1 Reason to Not Wait Until Spring to Sell Your House

2018-11-06 10:47:52
5 Tips When Buying a Newly Constructed Home

2018-10-19 08:42:58
20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]

2018-10-08 12:04:11
Join Us for Our 2nd Annual Pumpkin Giveaway!

2018-10-02 09:53:11
Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?

2018-09-25 11:24:11
Where Are Mortgage Interest Rates Headed In 2019?

2018-09-19 12:04:46
Lafayette Front Porch Streetscape Project is underway

2018-09-04 10:35:14
5 Reasons You Should Sell This Fall!

2018-08-22 13:10:54
5 Real Estate Reality TV Myths Explained

2018-08-21 15:27:54
Your Guide To Local Fun: August 2018

2018-08-17 14:52:58
One Huge Difference Between the 2008 Housing Market And Today

2018-08-15 13:49:20
Homes More Affordable Today than 1985-2000

2018-08-10 10:02:32
Buying Is Now 26.3% Cheaper Than Renting in the US

2018-08-08 16:17:22
Denver Café Named In Bon Appétit's Top 50 New Restaurants

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.