Where are mortgage interest rates headed?
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.
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Jill Wente, Realtor® with BHG Gary Greene, CRS, MCNE - (281) 804-8626
Jill grew up in Effingham, Illinois. She earned a B.S. degree in Accounting from EIU. She has been helping people start their next chapters for 19 years. Jill Wente has been awarded the prestigious Houston Five Star Real Estate Agent award 10 times for providing quality service to clients. When not helping clients, Jill can usually be found researching the latest SEO tactics and social media trends. She enjoys traveling, food, wine, comedy, spending time with family and continually learning
