Should I Buy Down My Rate After 2017 Fed Rate Hikes?

Posted from: https://www.zillow.com/blog/should-i-buy-down-my-rate-213670/

Rates are up .5 percent so far in 2017, and could go higher. This raises the question of whether it makes sense to buy your rate down to control your mortgage costs. Let’s review the market outlook, then answer the question.

Where are rates headed from here?

Rates are tied to daily trading in mortgage bonds, and rates rise when bonds sell on improving economic sentiment – this has been happening in 2017.

Concurrently, the Federal Reserve controls short-te…

Posted from: https://www.zillow.com/blog/should-i-buy-down-my-rate-213670/

Rates are up .5 percent so far in 2017, and could go higher. This raises the question of whether it makes sense to buy your rate down to control your mortgage costs. Let’s review the market outlook, then answer the question.

Where are rates headed from here?

Rates are tied to daily trading in mortgage bonds, and rates rise when bonds sell on improving economic sentiment – this has been happening in 2017.

Concurrently, the Federal Reserve controls short-te…

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