Where are Mortgage Rates Going?

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Home buyers have enjoyed historically low mortgage rates and an improving economy in the past few years. In this type of financial climate, the question of would mortgage rates increase became how much would rates increase in 2017? When the year began, housing experts said that 2017 was going to be the year that mortgage rates would hit 5-5.5%, however that is not what happened.mortgage ratesAs you can see from this chart, rates have been up and down this year, but the latest trend has actually been decreasing to the lowest point all year. Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of REALTORS® all agree that rates will increase later in the year.mortgage rates 2We can’t know for sure where the rates will be going but we can see right now that they are at historical lows! Talk to your Wisconsin Mortgage Corporation Loan Officer today about getting a great loan! #WIMort #ShorewestFamily #MortgageRates

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Categories: First Time Home Buyers, Home Buying, Homeowner, Mortgage, Real Estate News, Shorewest Tips

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