How Fed Interest Rate Hike will Impact 2017 Mortgage Rates

Wondering what mortgage rates will look like in 2017? Curious what impact the Fed interest rate hike will have on monthly payments?
Listen to Andy Tuttle of The Tuttle Group, live on on 600AM KOGO radio in San Diego Dec. 26. Andy discusses consumer confidence relative to homebuying and the expected impact of the Federal interest rate hike on mortgages.Dallas Mortgage Rates - The Tuttle Group

According to Zillow Group‘s mortgage analysis, rising mortgage rates in the wake of President-elect Donald Trump’s victory haven’t had an adverse impact on home purchases. Zillow says this could be due to homebuyers being insensitive to interest rate hikes in an exceptionally low-rate environment.

In fact, the real estate firm’s analysts expect housing prices to go up 3.6 percent in 2017 as interest rates rise. What does this mean for a potential homebuyer who is expecting further interest rate hikes? Andy discusses how people in the market for a new home are looking to lock in low rates before they go up further.

Listen now to hear Andy discuss mortgage expectations for 2017.

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