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.
My wife and I had an amazing experience working with Jill! She was responsive to changing preferences, and presented... read moreMy wife and I had an amazing experience working with Jill! She was responsive to changing preferences, and presented the best properties that matched those preferences. Supported us well beyond the home search and initial contracting process, and remained very proactive throughout, from inspection to closing. She tirelessly worked to ensure that all aspects of the buying process were correct and of the highest quality. Her attention to detail was unmatched. If you want to work with the absolute best, we highly recommend Jill! read less