Interest Rates – Prediction For 2012

Interest Rates For Home Loans

As we move into 2012, it has been projected by the National Association of Realtor (NAR), interest rates will gradually start to rise out of historic lows.  Our market here in Jacksonville, NC has been one of the lucky ones, considering how bad the market has crashed in different parts of our country.  With historic lows being on the rise, now is the best time to buy your dream home.  If you buy a home now, you will have lower mortgage payments than someone who might be looking to buy your home in 5 years for more money!  What a great investment for your future!  Make sure that you are not getting in over your head though, with a home appraisal and do your due diligence before you buy..

When the market crashed and lending guidelines became tighter, this was a good thing in part, because now we are seeing home buyers stay within their means when buying their new home.  Surveys from NAR show that homebuyers are staying within their means with higher incomes and bigger down payments.

Lawrence Yun, chief economist of the National Association of Realtors® – “Nonetheless, there is a sizable pent-up demand based on population growth, employment levels and a doubling-up phenomenon that can’t continue indefinitely. This demand could quickly stimulate the market when conditions improve.”

Around mid year 2012, we may start seeing the interest rise to 4.5%.  Even though this rate is very low, considering the history of interest rates for home loans, every lit bit counts when making an affordable mortgage payment.

For more information on how to get approved for your home loan, and to take advantage of this low interest rate, call Crystal today at 910-545-2689 or email to


About Rebecca Quick

I'm a full-time Realtor - an experienced professional focused on helping clients realize their real estate goals. Emphasizing the value of each of my clients, my goal is to ensure that all transactions are always completed as smoothly and efficiently as possible.

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