The 2018 Housing Market will bring changes in Mortgages Rates. For those of you currently looking to purchase a home, you should expect an upward shift in mortgage rates. Mortgage rates ended lower than what the experts had projected in 2017, but they are still expected to increase in 2018 by about half of one percent. This means your mortgage can cost several hundreds to thousands of dollars more by the end of 2018.
Now is the best time for home buyers to work with a local mortgage broker to find out the best mortgage solution to fit your financing needs.