LIME REALTY GROUP is going to give you another prediction today!  It’s a double header because we’ve got another announcement to make so get ready to hear quite a bit from us today!

First and foremost, lets continue our predictions!  Today, we want to predict in 2017, mortgage rates will increase, but not too much!

We expect mortgage rate interests to increase, but to no higher than 4.3% on the 30 year fixed rate.  The 30 year fixed mortgage rate has increased from 3.5% at the end of October to just above 4% following the election.  The recent rise can be largely attributed to the spirit of optimism surrounding Wall Street as they anticipate higher economic growth and inflation in 2017.  In general, we think investors will guy fewer bonds and when bond prices fall to encourage sales, the mortgage rate gets pushed up.

But don’t give up hope just yet, rates are still very low relative to historical averages and expected to remain lower than they were in 2015 when the 30 year fixed rate got all the way up to 4.5%

if you’re concerned, set up and appointment and let us walk you through the process and help you determine if now is the right time for you to be shopping for a home.  Lime is the clear choice for real estate in the Southern Utah area.