Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30 year fixed mortgage rate will be 5.7% by the end of next year.
Agents who desire an even deeper understanding of how interest rates and home prices will dramatically impact this spring buyers’ season, should reserve a seat for our FREE webinar, “Spring Ahead in 2014: KCM’s Action Plan for Dominating this Buyers’ Season,” on Thursday, April 17th at 2PM ET.
This information is so relevant in today’s market. Good agents and mortgage professionals need to be taking the time to explain the true affects of higher home costs and mortgage rates down the road. Well informed buyers turn into a great referral source.