Three major real estate giants are predicting mortgage interest rates to increase past 4.5% during 2018. We have certainly been spoiled with such low mortgage interest rates for so long. But will that now become history? Mortgage Bankers Association predicts mortgage rates will increase to 4.6% in 2018, 5% in 2019 and 5.3% in 2020. National Association of Realtors (NAR) predicts that mortgage rates will end the year at 4.5%. And Realtor.com thinks mortgage rates will average 4.6% through out 2018 and rise to 5% by the end of 2018. What do you think will happen?
To calculate how an interest rate increase may affect your purchasing power or monthly payment, try this calculator: Mortgage Calculator-Nova Home Loans
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Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com with "Home Loan Report" in subject field and I'll send it right over.
Also….check these out??
Denver Home Finder Service
Denver Home Seller Service