Interest rates are on the rise in 2018 – NOW is the time to purchase a home or refinance! The country has enjoyed historically low interest rates for many years but economic factors now indicate that interest rates could go up as early as March, 2018.
As quoted by a recent CNBC article, “Financial markets are beginning to price in a more aggressive Federal Reserve this year. After the government reported Friday morning strong retail sales from the holiday season and higher-than-expected core inflation, Fed rate hike probabilities shot up and moved into earlier months. Markets now fully expect two rate hikes this year and have nearly priced in a third. The probability of a rate hike in March surged to 84 percent from 78 percent a week ago, according to Thomson Reuters. More significantly, the second rate hike is now priced with a 55 percent chance to take place in June. Previously, it had been priced in for August, and for September not long before that.”
Call us today at 910-483-1211 to find out what interest rates are and to start the loan process. One of our qualified loan officers is ready to help you obtain your homeownership dream or refinance your home and take advantage of lower rates while they are still available.