I wish I had a crystal ball that I could gaze into and ask the question “Where are mortgage interest rates headed?” But since I don’t I will have to refer the question to the National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA).
Both the NAR and MBA agree that mortgage interest rates are headed up and not down over the next several quarters. How much they are headed up depends upon whether you believe the NAR or the MBA are better at predicting interest rates.
If you are thinking about buying a house but you’re waiting for Spring Texas real estate prices to decrease, don’t wait too long. Otherwise the rise in interest rate will cost you more the decrease in price.
Best Realtor Ever! I cannot harp on how wonderful Jill has been during my new home build purchase! She has... read moreBest Realtor Ever! I cannot harp on how wonderful Jill has been during my new home build purchase! She has gone above and beyond by attending every single meeting that I had (design center meeting, electrical, blue tape meeting, final acceptance meeting, closing). During the design appointment, Jill gave pointers on what upgrades would have the best resell value and how much I would see out of it. It was my first time going through the new home building process so it helped make the meeting way less stressful. Jill has been there for me every step of the process even after the closing! I truly have never met a more passionate, hard working individual! I would HIGHLY recommend! read less