[:en]Where Are Mortgage Rates Headed?[:es]¿Hacia dónde se dirigen las tasas hipotecarias?[:]

[:en]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 look at where rates are headed when deciding to buy now or wait until next year.

According to a recent article in Kiplinger, 30 year mortgage rates are about to increase:

 “Now around 4.1%, rates will edge slowly toward 4.4% by the end of this year. Then they’ll follow the Treasury bond rate’s upward move in early 2015. Thirty-year home loans should end 2015 at around 5.1%, still low by historical standards.”

Here is a graph created by using interest rate projections in Freddie Mac’s August 2014 U.S. Economic & Housing Market Outlook:

Where are Mortgage Rates Headed? | Keeping Current Matters

How will this impact a mortgage payment?

Research released this month by Zillow reveals:

“We examined how a 1 percentage point rise in mortgage rates would impact monthly payments for the typical home in 35 metro areas, and found that the difference this year versus next year varies dramatically from market to market. In the San Jose/Silicon Valley area, for example, potential buyers should expect to see a monthly payment increase of more than $700 if they waited a year to buy the same home they were considering today. By contrast, in St. Louis, the difference is only $65 per month.” (emphasis added)

Bottom Line

Again, we turn to the Zillow research:

“As rates rise, new home buyers will confront higher financing costs and monthly mortgage payments. For many, this will mean tightening their budgets and sacrificing some luxuries they may take for granted today.”

[:es]Where are Mortgage Rates Headed? | Keeping Current Matters

La tasa de interés que usted paga en la hipoteca de su casa tiene un impacto directo en su pago mensual. Entre más alta sea la tasa, mayor será el pago. Por eso es importante mirar hacia donde se dirigen las tasas al decidir si comprar ahora o esperar hasta el próximo año. Según un artículo reciente en Kiplinger, las tasas hipotecarias a 30 años están a punto de aumentar:

“Ahora alrededor del 4.1%, las tasas van a moverse lentamente hacia el 4.4% hacia finales de este año. Entonces seguirán el movimiento ascendente de la tasa de bonos del tesoro a principios del 2015. Los préstamos hipotecarios a treinta años, hacia finales del 2015 van a terminar alrededor del 5.1%, aun manteniéndose bajo según las normas históricas.”

Aquí hay una gráfica creada al usar las proyecciones de las tasas de interés por Freddie Mac en su U.S. Economic & Housing Market Outlook para agosto del 2014:

Where Are Mortgage Rates Headed? | Keeping Current Matters

¿Cómo afectara esto el pago de la hipoteca?

La investigación difundida este per por Zillow revelo:

“Examinamos como el aumento de un punto porcentual en la tasa hipotecaria puede afectar los pagos mensuales para una casa típica en 35 de las áreas metropolitanas, y encontramos que la diferencia este año versus el próximo año varía drásticamente de mercado a mercado. En el área de San Jose/Silicon Valley, por ejemplo: los compradores potenciales deben esperar ver un aumento en el pago mensual de más de $700, si ellos esperan un año para comprar la misma casa que ellos estaban considerando comprar hoy. Por el contrario, En St. Louis, la diferencia es solo de $65 al mes.” (Énfasis agregada)

En conclusión

De nuevo, regresamos a la investigación de Zillow:

“Como las tasas aumenten, los nuevos compradores de casas se enfrentaran a costos financieros y pagos hipotecarios más altos. Para muchos, esto significa ajustar sus presupuestos y sacrificar algunos lujos que ellos dan por sentados hoy.”

[:]

[:en]Where Are Mortgage Rates Headed?[:es]¿Hacia dónde se dirigen las tasas hipotecarias?[:]



[:en]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 look at where rates are headed when deciding to buy now or wait until next year. According to a recent article ...

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[:en]Where Are Mortgage Rates Headed?[:es]¿Hacia dónde se dirigen las tasas hipotecarias?[:]



[:en]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 look at where rates are headed when deciding to buy now or wait until next year.

According to a recent article in Kiplinger, 30 year mortgage rates are about to increase:

 “Now around 4.1%, rates will edge slowly toward 4.4% by the end of this year. Then they’ll follow the Treasury bond rate’s upward move in early 2015. Thirty-year home loans should end 2015 at around 5.1%, still low by historical standards.”

Here is a graph created by using interest rate projections in Freddie Mac’s August 2014 U.S. Economic & Housing Market Outlook:

Where are Mortgage Rates Headed? | Keeping Current Matters

How will this impact a mortgage payment?

Research released this month by Zillow reveals:

“We examined how a 1 percentage point rise in mortgage rates would impact monthly payments for the typical home in 35 metro areas, and found that the difference this year versus next year varies dramatically from market to market. In the San Jose/Silicon Valley area, for example, potential buyers should expect to see a monthly payment increase of more than $700 if they waited a year to buy the same home they were considering today. By contrast, in St. Louis, the difference is only $65 per month.” (emphasis added)

Bottom Line

Again, we turn to the Zillow research:

“As rates rise, new home buyers will confront higher financing costs and monthly mortgage payments. For many, this will mean tightening their budgets and sacrificing some luxuries they may take for granted today.”

[:es]Where are Mortgage Rates Headed? | Keeping Current Matters

La tasa de interés que usted paga en la hipoteca de su casa tiene un impacto directo en su pago mensual. Entre más alta sea la tasa, mayor será el pago. Por eso es importante mirar hacia donde se dirigen las tasas al decidir si comprar ahora o esperar hasta el próximo año. Según un artículo reciente en Kiplinger, las tasas hipotecarias a 30 años están a punto de aumentar:

“Ahora alrededor del 4.1%, las tasas van a moverse lentamente hacia el 4.4% hacia finales de este año. Entonces seguirán el movimiento ascendente de la tasa de bonos del tesoro a principios del 2015. Los préstamos hipotecarios a treinta años, hacia finales del 2015 van a terminar alrededor del 5.1%, aun manteniéndose bajo según las normas históricas.”

Aquí hay una gráfica creada al usar las proyecciones de las tasas de interés por Freddie Mac en su U.S. Economic & Housing Market Outlook para agosto del 2014:

Where Are Mortgage Rates Headed? | Keeping Current Matters

¿Cómo afectara esto el pago de la hipoteca?

La investigación difundida este per por Zillow revelo:

“Examinamos como el aumento de un punto porcentual en la tasa hipotecaria puede afectar los pagos mensuales para una casa típica en 35 de las áreas metropolitanas, y encontramos que la diferencia este año versus el próximo año varía drásticamente de mercado a mercado. En el área de San Jose/Silicon Valley, por ejemplo: los compradores potenciales deben esperar ver un aumento en el pago mensual de más de $700, si ellos esperan un año para comprar la misma casa que ellos estaban considerando comprar hoy. Por el contrario, En St. Louis, la diferencia es solo de $65 al mes.” (Énfasis agregada)

En conclusión

De nuevo, regresamos a la investigación de Zillow:

“Como las tasas aumenten, los nuevos compradores de casas se enfrentaran a costos financieros y pagos hipotecarios más altos. Para muchos, esto significa ajustar sus presupuestos y sacrificar algunos lujos que ellos dan por sentados hoy.”

[:]

[:en]Where Are Mortgage Rates Headed?[:es]¿Hacia dónde se dirigen las tasas hipotecarias?[:]



[:en]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 look at where rates are headed when deciding to buy now or wait until next year. According to a recent article ...

Continue Reading
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