According to a jobs report that was recently released, over 271,000 jobs have been created. Because of this, the economy will be on the rise which means good things for the real estate market. With more houses being sold, there is going to be a spike in mortgage rates. Experts think 
the mortgage rates are likely to go above 4%. The Federal Reserve has been waiting for the economy to be on the rise before they increase the mortgage rates. This new report may be enough evidence for the Fed to assume the economy will continue recovering and that they should increase the interest rates.
Robert R. Johnson, the CEO of The American College of Financial Services, says, “This development is not good news for people looking to take out mortgage debt in the near future,” Johnson says. “Once the Fed starts raising rates, interest rates throughout the economy, including mortgage rates, auto loan rates and other loan rates will trend upward. I believe that anyone thinking about refinancing a mortgage or buying a home and taking out an initial mortgage should not wait, as rates will rise.”
Now is the perfect time to purchase a home for sale in Desert Mountain before mortgage rates increase. Contact me at Carmen@TopScottsdaleHomes.com and we can schedule a time to view homes currently on the market.
Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85255
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
www.DesertMountainHomesOnline.com
Voted in the Top 3 Realtors in Arizona every year 2015-2025, by Ranking Arizona Magazine. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
