Latest Report for Hilton Head Island Real Estate: Buyers Can Expect Mortgage Rates to Rise
Posted by Rick Turner on
Temperatures aren’t the only thing that are expected to rise over the next few months. According to recent market data, mortgage rates are also expected to increase.
This has a lot of implications for those hoping to buy a home or condo here. So if you’re currently considering investing in a Hilton Head Island area property, you’ll want to continue reading to learn more.
Mortgage Rates Nationally Expected to Rise
Evidently, according to major industry analysts, 30 year fixed-rate mortgages are expected to increase to between 5 and 5.6 percent by spring 2015.
As a means of comparison, rates are currently hovering around 4.5 percent.
Here’s a user-friendly way to see what the various agencies are predicting in terms of mortgage rates a year…
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