Interest Rates - Long Island Real Estate

Low Mortgage Interest Rates Persist

July 5, 2017 by Glen Hagen

Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018. Last […]

The Impact Your Interest Rate Makes [INFOGRAPHIC]

June 9, 2017June 9, 2017 by Glen Hagen

Some Highlights:

Interest rates have come a long way in the last 30 years.
The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
Interest rates are at their lowest in years… RIGHT NOW!
If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act!

Mortgage Interest Rates Reverse Course in 2017

June 8, 2017June 8, 2017 by Glen Hagen

To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could […]