The National Real Estate Post and Barry Habib discuss mortgage rates going higher in the near future, and at around the 5:40 mark of the video, Barry gives a very easy-to-understand explanation as to WHY the rates are going up.
In a nutshell, the Federal Reserve is buying less and less securities on a schedule that goes into the summer and fall. So if all else is equal, we are almost certainly headed for higher interest rates this year based on this data.
If 2018 is the year for you to buy that new home, land or investment property, sooner would be better than later. Let me help you get pre-qualified with a top notch loan officer and let’s get moving!
– David Madaffari