Posted on February 21, 2018 - 08:18 AM
by Rob Thom
Home Loans will get more expensive
After sitting below 4% for much of 2017, mortgage rates are expected to rise. Mortgage rates this year will make some measurable increases, while not significant or alarming, but it could hit 4.5% by year end, and this could potentially tame some of the home-buying enthusiasm
Mortgages have already crossed the 4% threshold in 2018, hitting 4.04% last week.
What this means for home buyers is - be prepared, get your credit as high as it can be, and get your loan paperwork in order now.
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free! *Contact Information is NOT Shared*
44205 Ford Rd
Canton, Michigan 48187
43155 Main Street Ste. 2300 X
Novi, MI 48375
39015 Cherry Hill
Westland, MI 48186
ROYAL OAK OFFICE
404 E. Fourth St. Ste #105
Royal Oak, MI 48067
IDX provided courtesy of Realcomp II Ltd., via , Copyright 2018 Realcomp II Ltd. Shareholders. Real Estate listings other than those of are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed to be reliable but not guaranteed. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Last updated on 2018-07-19.