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Mortgage Rates Impact on 2017 Home Values #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Thursday, March 2, 2017   /   by Matthew Freda

Mortgage Rates Impact on 2017 Home Values #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Mortgage Rates Impact on 2017 Home Values | Simplifying The Market

Mortgage Rates Impact on 2017 Home Values


The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtorsare all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand.


In a recent study of industry experts, “rising mortgage interest rates, and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow demand for housing, home values will be impacted.


To this point, Pulsenomics, recently surveyed a panel of over 100 economists, investment strategists, and housing market analysts, asking the question “In your opinion, at what level will the 30-year fixed rate mortgage rate significantly slow home value appreciation?” The survey revealed the following:


Mortgage Rates Impact on 2017 Home Values | Simplifying The Market


Bottom Line


Most experts believe that rates would need to hit 5% or above to have an impact on home prices.

eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

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