Gulf Shores mortgage rates continue to be in the news. With the recent rise in interest rates by the Federal Reserve, and the likelihood of additional increases on the horizon, the obvious question remains, “Is it still a good time to purchase a home?” Let’s look at what’s transpired in recent months since the presidential […]
Gulf Shores Mortgage Outlook: Are Rates Going to Rise?
The Gulf Shores mortgage outlook is expected to include higher interest rates for 2017. The Federal Reserve’s recent short-term interest rate hike was both highly anticipated and expectedly minimal. And, while the fed funds interest rate has little direct correlation to longer-term mortgage interest rates, there has been – and may continue to be – a […]
Gulf Shores Interest Rates: The Watch Continues
Economists and mortgage lenders are still keeping a watchful eye on Gulf Shores interest rates. Federal Reserve chair Janet Yellen recently told the House financial services committee that no immediate decision has been made to raise interest rates. However, she said a December rate hike was still a “live possibility.” Will Gulf Shores Interest Rates Rise […]
Gulf Shores Mortgage Rates May Still Rise in 2015
Gulf Shores mortgage rates could still be on the uptick despite conflicting economic indicators. Gulf Shores Federal Reserve President Dennis Lockhart, a highly-respected voting member on the Fed’s monetary policy committee, said there is "more downside risk" to the U.S. economy as a result of an international slowdown and stagnation in addition to the nation’s most […]
Gulf Shores Real Estate News – June 2015
In our Gulf Shores Real Estate News for June 2015: Buyers Still Positive On Gulf Shores Housing Buyer's views toward Gulf Shores housing have not varied much over the past year, and they are still positive on homeownership as a good financial investment. According the Federal Reserve Bank of New York's 2015 housing survey, U.S. […]
Gulf Shores Mortgage Rates Move Higher Again
Average Gulf Shores mortgage rates followed 10-year Treasury yields higher and rose for the third consecutive week last week. At 3.85%, the average 30-year fixed-rate Gulf Shores mortgage rate is just below the high for 2015. The 15-year fixed Gulf Shores mortgage rates averaged 3.07% with an average 0.6 point last week, up from the […]
Gulf Shores Real Estate News – March 2015
In our Gulf Shores Real Estate News for March 2015: Home Prices Up Year-Over-Year Home prices across most of the country were down for December, but still faired better than they were a year ago. Black Knight Financial Services released its latest Home Price Index Report this past week, which showed that home prices nationwide […]
Gulf Shores Gas Prices Affecting Mortgage Rates?
We're betting you thought lower Gulf Shores gas prices could only mean positive things for the economy, right? If you're in the market for a home mortgage, Gulf Shores gas prices could be having an effect on the rate you can get. How Gulf Shores Gas Prices Affect Mortgage Rates Believe it or not, oil […]
Gulf Shores Mortgage Rates Expected Higher Next Year
According to the latest forecast from Freddie Mac's economists, Gulf Shores mortgage rates are expected to hit 5 percent for a 30-year fixed rate loan in 2015. Expect to see interest rates climb throughout 2015, with yields on the 10-year Treasury averaging about 2.9 percentage points, up from about 2.6 percentage points in 2014, and […]
Gulf Shores Real Estate News – November 2014
In our Gulf Shores Real Estate News for November 2014: Pending Gulf Shores Home Sales Up Slightly in September Pending Gulf Shores home sales ticked up slightly in September after dropping in August, as it remained difficult to qualify for mortgage financing. Nationwide, The National Association of Realtors' Pending Homes Sales Index, which is based […]