Why Redfin is Predicting Mortgage Rates Will Stay Low
March 2, 2017
As of January 19, 2017, the mortgage rates were averaging 4.07 percent for a 30-year fixed rate mortgage. Last year at this time the mortgage rates were at 3.81 percent, according to Freddie Mac.
Redfin forecasts that rates won’t average above 4.3% for 2017, because the government is a major investor in the mortgage industry.
So, what does that mean for buyers? It means that 2017 could be a good year to buy. It will be important if you’re in the marketing to buy a home to watch the market and rates. You can do this by downloading one of these top rated apps.
Not only can you track mortgage rates — this app includes a myriad of calculators so you can figure out what you can afford by adjusting your home prices and mortgage loan type.
This app allows you to track rates based on your specific situation. Be careful not to allow the app to share your information with mortgage companies.
The biggest concern with using any kind of rate watch app or website is to ensure you are not sharing your information. There are numerous websites that will send your information to mortgage companies – you can count on 10-20 people pestering you for weeks to come. So, as you track – be sure you are careful.
Once you’re ready to make your next move, please remember to give us a call to help you with your upcoming move. At Beltmann, we want to make sure your next home move is a smooth and easy one.
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