Mortgage Rates to near 5% in Q4 2018
Mortgage rates and home sales are expected to rise in 2018 according to the latest economic and housing outlook by Fannie Mae. The report expects mortgage rates to rise 30 basis points to 4.4 percent by the end of 2018 as a result of the unexpected spike in long-term interest rates at the start of the year. The report, which gives a snapshot of what can be expected from the economy during the year, indicated that robust economic growth would continue into 2018 despite the rec
Owners and Appraisers Closer to Seeing Eye-to-Eye on Home Value Than at Any Time in the Past Two Yea
• Quicken Loans’ National HPPI shows appraised values 0.50% lower than homeowners estimated in December
• Home values rose 0.65% nationally in December, with a 6.17% year-over-year increase, according to the Quicken Loans HVI DETROIT, January 9, 2018 – The views of homeowners, and those who appraise their properties, are continuing to move closer together. Home appraisals were an average of 0.5 percent lower than what owners expected in December, according to the National Qu
