Mortgage Rates Impact on 2017 Home Values – There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.
In a recent study of industry experts, “rising mortgage Interest rates, and their impact on mortgage affordability”
was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow demand for housing
, home values will be impacted.
To this point, Pulsenomics,
a panel of over 100 economists, investment strategists, and housing market
analysts, asking the question “In your opinion, at what level will the 30-year fixed rate mortgage rate significantly slow home value appreciation?”
The survey revealed the following:
Most experts believe that rates would need to hit 5% or above to have an impact on home prices.
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