The Ebb and Flow Real Estate Team
Michelle Mustain
843-338-4898843-338-4898

2017 Mortgage Rates

Mortgage Interest Rates Reverse Course in 2017

Mortgage Interest Rates Reverse Course in 2017 | MyKCM

To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end of the year.

However, the exact opposite has happened. Instead of higher rates as we head into the middle of 2017, we now have the lowest rates of the year (as reported by Freddie Mac). Here is a graph of mortgage rate movement since the beginning of the year:

Mortgage Interest Rates Reverse Course in 2017 | MyKCM

Projections still call for an increase…

Four major entities (Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors) are still projecting that rates will increase by the fourth quarter of the year.

Mortgage Interest Rates Reverse Course in 2017 | MyKCM

Bottom Line

No one knows for sure where interest rates will be in six months. However, if you are thinking about buying your first house or trading up to the home of your dreams, you can still get a mortgage at historically low rates RIGHT NOW.

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Michelle Mustain

A House ‘SOLD’ Name
 

“My Mission is to build lifelong relationships with my clients. This means being there by your side to help guide you through each  step of the buying or selling process. My commitment level has helped me build a notable track record of delivering powerful results.”

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Michelle Mustain

Realtor

mickimustain@gmail.com

843-535-6002843-535-6002 main

Ebb and Flow Real Estate

Mount Pleasant, SC. 29464

Reviews

5kmyers5773

Michelle listened to my all needs and found me the 'Perfect' home. Her ability to make you feel like family was very comforting to us. When we are ready to purchase our own home, she will be the Agent I call.

5nperkyj

Michelle is a real "hands on" realtor. She has so much knowledge of the market in Charleston and gave me so many great ideas to ready my home prior to listing it on MLS. Due to this my home had an offer with the first showing the same day!! Try her out. ... (more)

5briehannifin

Michelle is a very professional, outgoing, person that ONLY looks for your best interest. She listens to your needs and wants and makes them a reality. Im so glad she was a part of my home buying process. MICHELLE YOU'RE AWESOME!!!

Review Michelle Mustain on Zillow.com