• Home
    • Blogs
    • Mortgage Rates Impact on 2017 Home Values

    Mortgage Rates Impact on 2017 Home Values

    Mortgage Rates Impact on 2017 Home Values | MyKCM

    There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

    The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are 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 | MyKCM

    Bottom Line

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

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Metro Phoenix area.

    RealSatisfied Plugin

    Cannot read feed. Please verify the vanity key is correct.

    A feed could not be found at http://rss.realsatisfied.com/rss/office/Carin-Nguyen. A feed with an invalid mime type may fall victim to this error, or SimplePie was unable to auto-discover it.. Use force_feed() if you are certain this URL is a real feed.