For years, homebuyers enjoyed historically low mortgage rates, but that tide is turning. Rates reached as low as , but experts at Realtor.com and the NAR predict they will climb toward 4.5% to 4.6% by the end of 2017.
Despite these hurdles, experts from Forbes and Rocket Mortgage argue that buying a home remains a sound long-term strategy for several reasons: is buying a house a good investment 2017
While prices aren't expected to drop, the rapid growth we saw in 2016 is expected to cool slightly. Predictions suggest a in home values this year, compared to the 5-6% gains of previous years. This "moderation" is actually a sign of a healthier, more sustainable market, though it means you may not see the same immediate equity jumps as those who bought in 2012. 4. Why It’s Still a "Qualified Yes" Predictions suggest a in home values this year,
While a 1% jump might not seem like a dealbreaker, it can add roughly for the average home. If you’re on the fence, locking in a rate sooner rather than later could save you thousands over the life of your loan. 2. The Inventory Crunch Why It’s Still a "Qualified Yes" While a
Homes are selling faster than last year, with the median age of inventory at just 68 days . 3. Price Appreciation is Slowing (But Not Stopping)