Are you a first time home buyer buying a house in 2021 and wondering where interest rates will be in a few months or maybe you’re considering refinancing your home and wondering if interest rates will continue to rise? In this video, I discuss the future of interest rates in more detail and what you should do if you are considering buying a home or refinancing. We also discuss where interest rates are right now for the most well qualified buyers.
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Information referenced in this video:
➜Freddie Mac’s Primary Mortgage Market Survey – http://www.freddiemac.com/pmms/data.html
➜30 Year Fixed Mortgage Average in the United States –
➜Federal Reserve Says it will Keep Interest Rates Near Zero Until 2023 – https://www.forbes.com/sites/sergeiklebnikov/2020/09/16/federal-reserve-says-it-will-keep-interest-rates-near-zero-until-2023/?sh=48633c79798d
Last week Freddie Mac published in their Primary Mortgage Market Survey that interest rates had risen for the first time to 2.79% on a 30 year Fixed. At the same time, mortgage applications jumped over 16% for those looking to take advantage of low interest rates. Is this rise in interest rates the new trend? Should you refinance now or wait?
What does the future hold for interest rates in the housing market 2021? In this video, I give you my interest rate prediction for 2021 and explain why interest rates have to stay low for the foreseeable future. Rising mortgage rates would not only hurt the housing market but would affect the recovery of the overall economy.
Do you want to get connected to a Mortgage Broker/Mortgage Professional about getting pre-approved to start the process of buying a home or interested in discussing the possibility of refinancing into a lower interest rate? If so, please reach out.
Are you considering buying a house in 2021 and want more information about interest rates or just want to speak to a Real Estate Professional? If so, let’s chat 👇
Jeb Smith (Huntington Beach Realtor/orange county real estate)
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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