Crown Gaithersburg MD | Where Are Mortgage Interest Rates Headed in 2018?
As Gaithersburg has developed over the years, many neighborhoods are now blended with one and another without any distinction or personalities.
Not in CROW, the newest and most vibrant community in Gaithersburg MD
Located next to Rio, this new and unique neighborhood is separate in four groups
* Downtown Crown
* Crown West
* Crown Central
* Crown East
If you are looking for city-living style with a flair of urban village, The Crown community has everything to offer and more.
There is even a direct Metro Shuttle between the community and Shady Grove Metro Station to connect you directly with Washington DC and its surroundings,
Today, I would like to talk about Where Are Mortgage Interest Rates Headed in 2018?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.
How Will This Impact Your Mortgage Payment?
Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.
According to CoreLogic’s latest Home Price Index, national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year.
If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home.
Even a small increase in interest rate can impact your family’s wealth. Let’s get together to evaluate your ability to purchase your dream home.
If you have any questions about the Crown Plaza, Gaithersburg MD, the schools, amenities or the surrounding community, don’t hesitate to give us a call at 301-246-0001 We will be happy to help you. We specialize in Gaithersburg MD and our agents also live here.
To reach us, please call 301-246-0001
Or send us an email to: info@ReallyNiceHomes.com
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www.99SOLD.com - Call or text 240-426-5754 for more information.