Where Are Mortgage Interest Rates Headed in 2018?

February 7, 2018

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.


Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year.

If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home.

Bottom Line

Even a small increase in interest rate can impact your family’s wealth. Schedule a meeting with me and I can walk you through the process of buying a home and guide you step by step through the mortgage lending process and how to make sure you purchase the home of your dreams before rates get out of hand!


Mark Bradley | 404.226.0659 | MarkBradley@homesouth.net



Source: Keeping Current Matters


Share on Facebook
Share on Twitter
Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts
Please reload

Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Let us find you the perfect home! CONTACT US TODAY!


Office Number: 678.965.0607

Email: info@HomeSouth.net

4625 Alexander Drive

Suite 165

Alpharetta, GA 30022

  • Facebook Social Icon
  • YouTube Social  Icon

Heading 2