Introduction

When it comes to purchasing a home, one of the most crucial factors to consider is the prevailing interest rates. These rates directly impact the cost of borrowing and can significantly influence your decision-making process. As of 2023, the housing market has experienced some notable changes in interest rates. In this blog, we will explore the current state of housing interest rates and provide insights for homebuyers looking to make informed decisions.

The Fluctuating Nature of Interest Rates

Interest rates are not static; they fluctuate based on various economic factors such as inflation, monetary policy, and market conditions. In recent years, the housing market has witnessed a shift in interest rate trends, marking a departure from the historically low rates experienced for an extended period.

Current Interest Rate Trends

As of 2023, the housing interest rates have gradually risen from the record lows observed in the previous years. The Federal Reserve,. ...

With the interest rates going up daily, have you every thought how you can lock the lower rates in while you are looking for a home? Well Now you can. I have a lender that is doing exactly that. Here is how it works. 

Apply for Financing, then the Operations Department will process the application

You have 30 days to view properties, negotiate potential home sales, and to sign the contract

When you present a valid property address within 30 days of the original lock date, they can lock terms to 75 days.  

Call me today to find out more.
Shane Anderson
1610 Professional Blvd
Suite H
Crofton MD 21114
(410) 449-2193

With the economy doing better we have notices that the interest rates are slowly on the rise. As of January 31 2018 here are the rates you can expect when you buy a home. These interest rates can change daily.

30 Year Fixed: 4.375-4.5%
FHA/VA 4.0 - 4.25%
15 Year Fixed 3.625 - 3.75%
5 Year Arms 3.0 - 3.5% Depending on the lending

     With that being said now is a good time to buy before the interest rates go any higher. I have a chart to help explain what happens when the interest rates go up.

            If you are interested in learning more or want to know what programs are out there that can help just give me a call or shoot me an email. I have lenders on my team that can help answer any questions you may have. To understand more about what has been going on with mortgages you can go to http://www.mortgagenewsdaily.com/consumer_rates/832564.aspx ...

          The stock market posted modest losses during the holiday-shortened trading week while bond yields moved slightly lower. The 10-year treasury yield moved lower to 2.4054% after touching 2.50% in the prior week and ended 2017 nearly unchanged from the 2.45% mark where it ended in 2016.
          There was a smattering of mostly positive economic news released during week. Initial Jobless Claims were unchanged from the previous week at 245,000 and remained near historically low levels. Although the Consumer Confidence Index for December was lower than expected at 122.1, it followed November’s 17-year high reading of 128.6. Meanwhile, the Chicago Purchasing Managers Index for December had its best reading (67.6) since March 2011 while its New Orders Index reached a three-and-a-half year high and the Production Index hit a 34-year high.
Pending Home Sales for November were better than forecast, rising 0.2% to push the
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Weekly Review
               The stock market advanced to new highs in anticipation both houses of Congress would reach an agreement on a tax cut bill. It appeared on Friday the reconciliation process had run its course as House Ways and Means Chairman Kevin Brady stated the conference committee had completed its negotiations. It now appears the Republican controlled congress has enough support to pass their tax reform bill with a final vote taking place sometime this coming week.
               Bond yields were largely unchanged for the week although 10-year Treasury yields slipped a little lower on softer than expected inflation numbers from the release of November’s Consumer Price Index (CPI). The November CPI came in at 0.4% as forecast but the Core CPI, which excludes volatile food and energy prices, was reported to have increased just 0.1% versus a consensus forecast of a 0.2% increase. Elsewe ...