Youngsville Mortgage Rates Yoyo Again

Dated: March 7 2017

Views: 631

Mortgage Rates Fell. No, they Rose. No, they…

 Keeping an eye on Youngsville mortgage rates is a useful pastime for anyone who tracks local home sales because of the immediate effect they have on affordability. It can’t get much more immediate than the “projected monthly payment” numbers that calculators come up with alongside an online listing. Those instant calculations include tax and insurance estimates, but those change rarely. The mortgage rates, are always on the move.

Last Thursday, the Washington Post’s headline ran above a photo of Freddie Mac’s massive DC headquarters:

Mortgage rates fall amid fears of rising inflation.”

 

That kind of news is always good for Youngsville home buyers and sellers. Not the “rising inflation” part, of course—but the other part. Lower mortgage rates mean better bargains for buyers who become motivated to strike a deal sooner rather than later.

But then, Friday afternoon brought Bankrate’s headline:

Mortgage rates increase for Friday.”

 

Anyone accustomed to following the mortgage interest rate gyrations wouldn’t have been surprised. It meant that the mortgage rate yo-yo was behaving pretty much as expected. Logic indicates that The Post’s inflation fears had probably not disappeared overnight, so their reasoning behind Thursday’s move had likely been overly presumptive. (When rates rise or fall, writers don’t like to admit there’s no story explaining why).

The reasons behind the up and down were probably elusive—something like the normal ebbs and flows of national and international capital flows. If anyone has ever been able to sort all that out, they’re keeping mum about it.

It does seem that Youngsville mortgage rates are beginning to follow a more predictable pattern than has been true for a while. Despite daily ups and downs—which are usually pretty microscopic—the drift has been gradual but notable, and supports two reasonable generalizations:

Youngsville mortgage rates are drifting upward. A chart would show that, when you step back and ignore the day-to-day ups and downs, except for a divot in mid-December, the trend has been slightly skyward since the middle of November.

Youngsville mortgage rates are still a bargain by all historical measures. 

What this means for prospective buyers as we enter the spring selling season is, in short, pretty good news. Buying now means locking in Youngsville mortgage rates that are still historically affordable.

But first things first—the right home has to be found, and the right price agreed upon. That’s where giving me a call comes in!

==============================

Buying? ➡️ bit.ly/3bsanGy

FREE Home Evaluation ➡️ bit.ly/3eEQWvQ

==============================

Ted M. Daigle eXp Realty

Ph. 337-243-6108

ted.daigle@exprealty.com

1720 Kaliste Saloom Rd Suite B-2

Lafayette, Louisiana 70508

Ted M. Daigle | Realtor

995694847

www.337homesearch.com

==============================

 

www.listingwithted.com

Blog author image

Ted Daigle

About Ted Daigle – Realtor Growing up in Church Point, LA instilled values of hard work and dedication, which has carried over into every aspect of his life, including real estate. This Lafayette r....

Latest Blog Posts

Why Selling Your Lafayette Area House with a Real Estate Professional Is Essential

Why Selling Your Lafayette Area House with a Real Estate Professional Is EssentialSelling your house is no simple task. And when you sell on your own – known as a FSBO (or For Sale by

Read More

How to Save Money on Your Monthly Home Costs

Did you know that the average American homestead spends just over $17,000 a year on home-related costs? That breaks down to around $1400-$1500 per month. If you’re looking at that number and

Read More

Your Acadiana House Could Be an Oasis for Buyers

Sellers: Your House Could Be an Oasis for Buyers Seeking More OptionsSellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of Acadiana homes for.

Read More

Important Distinction: Acadiana Homes Are Less Affordable, Not Unaffordable

Important Distinction: Homes Are Less Affordable, Not UnaffordableIt’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home

Read More