{"id":2487,"date":"2018-09-25T10:00:55","date_gmt":"2018-09-25T10:00:55","guid":{"rendered":"https:\/\/thezakariagroup.com\/where-are-mortgage-interest-rates-headed-in-2019\/"},"modified":"2018-09-25T10:00:55","modified_gmt":"2018-09-25T10:00:55","slug":"where-are-mortgage-interest-rates-headed-in-2019","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/where-are-mortgage-interest-rates-headed-in-2019\/","title":{"rendered":"Where Are Mortgage Interest Rates Headed In 2019?"},"content":{"rendered":"
\n

\"Where<\/p>\n

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.<\/span><\/p>\n

Below is a chart created using\u00a0Freddie Mac\u2019s U.S. Economic & Housing Marketing Outlook<\/a>.<\/em> As you can see, interest rates are projected to increase steadily over the course of the next year.<\/p>\n

\"Where<\/a><\/p>\n

How Will This Impact Your Mortgage Payment?<\/strong><\/h4>\n

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.<\/p>\n

According to\u00a0CoreLogic\u2019s<\/em> latest\u00a0Home Price Index<\/a>,<\/em> national home prices have appreciated 6.2% from this time last year and are predicted to be 5.1% higher next year.<\/p>\n

If both the predictions of home price and interest rate increases become a reality, families would wind up paying considerably more for their next homes.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Even a small increase<\/a> in interest rate can impact your family\u2019s wealth, so don\u2019t wait until next year! Let\u2019s get together to evaluate your ability to purchase your dream home now.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. 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