Mortgage Rates: Predictions For 2017

Equity Prime - Michael NelsonWhere will mortgage rates head next year in 2017? Find out what the experts think today.

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Source: Mortgage Rates: Predictions For 2017 | Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports

Experts give their opinions on mortgage rates for 2017

 

 

Equity Prime - Mike NelsonThis article is well balanced on both sides of the discussion surrounding mortgage rates – will rates rise or fall in 2017?

The 4th quarter of 2016 is and the first quarter of 2017 will be an interesting time for interest rates.  Obviously, we are in the middle of an election cycle and this is no average election cycle.  The end of one presidency and the beginning of a new administration will certainly impact rates and the economy.

I am in the “inflation” camp.  Until inflation rises and unemployment falls, rates will stay low.   It is hard to imagine the economy expanding much until after the election.  I suggest the same for unemployment.  Companies don’t add employees in times of economic uncertainly.  This election cycle adds to uncertainty in the marketplace.  I am no expert but that is my $0.02.

Purchase now or wait?

Equity Prime - Mike NelsonI strongly agree with the comments at the end of the article.  If you are looking to buy, do it now and lock your loan.  Rates are at historic lows and housing prices are rising.  Rising housing prices coupled with a possible 1/8 to 1/4 point increase in rates is expensive.

Have a strong finish to 2016 and feel free to e-mail, call or text me to continue the dialogue.

Mike
720.213.6260
mnelson@equityprime.com
@michaelfnelson2
NMLS: 1314188
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