Naples Real Estate, Rental, and Property Management Services

We have been helping our customers buy, sell, rent and own property in Naples for over 12 years. We have all the usual credentials but our customers tell us that what really makes us unique is our knowledge of the Naples market and exceptional customer service.

Christine Dike has been providing incomparable Real Estate Services, Rental Services, and Property Management Services in Naples, Golden Gate Estates, Bonita Springs and Estero, Florida, for over 10 years.  Broker-Owner of ToastyinNaples.com Realty she will take care of you every step of the way on your real estate journey whether you are buying, selling, renting a home or condo for the week, month or year, or investing in rental property.

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Where Are Mortgage Interest Rates Headed In 2019?

October 17, 2018
It is a fact that interest rates have increased this year and a very good possibility they will increase even more in 2019.  Even half a percentage point in interest rates can change the type of home you can purchase for your family.  Why wait?  Let’s see what you can afford now and get you into your dream home before it is unattainable!

 

Courtesy of Keeping Current Matters 2018

Where Are Mortgage Interest Rates Headed In 2019? | MyKCM

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year.

Where Are Mortgage Interest Rates Headed In 2019? | MyKCM

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated 6.2% from this time last year and are predicted to be 5.1% higher next year.

If both the predictions of home price and interest rate increases become a reality, families would wind up paying considerably more for their next homes.

Bottom Line

Even a small increase in interest rate can impact your family’s wealth, so don’t wait until next year! Let’s get together to evaluate your ability to purchase your dream home now.