As a reaction to the steady rise in interest rates on home loans, Team Dimmick has taken the initiative to provide our clients with the latest information that they can use to capitalize on their buying power in the current Real Estate Market. Interest rates on an FHA loan have already risen from 3.75 in December 2017 to 4.375 today. That is a rise of a shocking 5/8 point in just a few months. Our industry has not seen rates climb this high in years. Loan programs across the board are seeing rates hike steadily and experts expect that trend to continue.
We expect to see rates continue upward as high as 5 Percent by the end of Second Quarter 2018. If you have any questions about the current rates or market trends please reach out to The Matt Dimmick Team. We have a fantastic team of knowledgeable licensees ready to help you realize your Real Estate Goals. Visit TeamDimmick.com or call 907-865-6521 for more information.