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 were very impressed with Jill. I recommend everyone who is buying a home to contact Jill.... read moreMy wife and I were very impressed with Jill. I recommend everyone who is buying a home to contact Jill. Her ethical values and intelligent helped us make the right decision during the process of guying our new home. read less