What Do Experts Think About Interest Rates in 2017?

    What can you expect from interest rates this year? Our preferred lender is here to discuss the topic.

    Looking to buy a home? Click here to search the MLS

    Looking to sell a home? Click here to get a home value report

    We’re joined today by my preferred lender, Tripper Heckscher of Prosperity Home Mortgage, to talk about one of the most popular topics in real estate: interest rates.

    Interest rates have been abnormally low for quite some time, but this is not typical. With a strong economy, you usually see interest rates going up instead of down. When they do go up, home values go up as well.

    There’s been a lot of panic lately in the market about low rates, but Tripper isn’t sure why. The way he sees it, it’s a smart move to buy a home no matter where rates are at. When rates are as low as they are right now, however, real estate is one of the best long-term investments out there.

    Nobody has a crystal ball.

    Nobody has a crystal ball that will tell us whether rates are going to continue to go up, but any increase we see should be minimal and gradual. We won’t see a 5% jump all of a sudden. If rates rose that fast, it would be catastrophic.

    If you have any questions for us about the real estate market, interest rates, or anything else, give us a call or send us an email. We would love to hear from you.

    Trackback from your site.

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the local area.