2016-2017 Outlook on Interest Rates

#Interestrates are poised to rise by the end of the year according to Federal Reserve chair Janet Yellen. Can rising interest rates motivate #homebuyers to buy before rates change? They might. Buyers seeking 30 year fixed home loans may prefer a lower interest rate over a higher rate, which could #save hundreds of dollars on their mortgage payments each year. Your #banking institution or credit union may have more helpful information for you. We may recommend some loan originators as well, if you ask. Happy buying and stay educated!