If you need assistance, please call 407-513-4724

Should I Wait to Buy? #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Tuesday, March 14, 2017   /   by Matthew Freda

Should I Wait to Buy? #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA



Mortgage Interest Rates Went Up Again… Should I Wait to Buy?






Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeksFreddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.


This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.


Here is a chart showing the average mortgage interest rate over the last several decades.


Mortgage Interest Rates Went Up Again… Should I Wait to Buy? | Simplifying The Market


Bottom Line


Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.



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

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.4/8/2020 12:56 AM CST