Mortgage Rates Impact On 2017 Home Values

Mortgage Rates Impact On 2017 Home Values

Image title

Mortgage Rates Impact on 2017 Home Values

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:

Image title

Bottom Line

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

Laura Byther Headshot
Phone: 207-838-9990
Dated: March 2nd 2017
Views: 26
About Laura: They say I have been more than a Realtor. I became their friend, always in their corner working for ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty LLC
415 Congress Street, Suite 202
Portland, ME