2016 Predictions for Home Values and Interest Rates
Manage episode 150624048 series 1001255
Jerry Conklin에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Jerry Conklin 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Freddie Mac’s economic outlook predicts our interest rates will increase next year. By the end of 2016, they expect interest rates to be around 5%. How does that affect you? If we look at purchasing a home, even a 1% hike dramatically affects a home sale. For instance, a $250,000 home now would cost $261,250 this time next year with a 1% rate increase. That makes monthly payments increase to $217.27 more a month compared to buying that home now.
It’s always good to be shopping around for the best interest rates. Always check your credit score and your debt-to-income ratios.
HUD has already put out it’s 2016 FHA loan limits. They will be increasing those limits in 188 countries next year. This backs up information that Freddie Mac reported on. They’re already thinking about it. If interest rates rise, loan limits will rise. The likelihood of interest rates going up is high!
As a buyer, it is going to cost you more money to purchase a home. This also affects rent prices, which will also be on the rise. It’s a great time to buy a home. You'll have the advantage of home appreciation and excellent rates. If you’re going to live somewhere, it’s best to invest in a home and build equity.
If you’re thinking about buying or selling a home, give us a call or send an email today!
16 에피소드