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Financial News

Will today’s news become tomorrow’s gains for you?

looking back and peering ahead wisonsin home loans

Can you believe we’re already two weeks into 2016?

We can’t predict all that may be in store for housing and interest rates, yet as the year gets underway, a few lingering factors may continue to influence markets through the new year.

Plummeting Oil Prices:

Energy prices fell in 2015, and many experts believe they will drop further still. The impact is mixed for the nation’s housing markets. In many energy-producing regions, housing prices have suffered. Overall, low gas and oil prices can help keep inflation at bay, and that’s typically good for mortgage rates.

Uncertainty Abroad:

Economic concerns and political crises in Europe, Asia and the Middle East combined to help keep U.S. mortgage rates low in 2015. Uncertainty often drives investors out of stocks and into bonds. More demand for bonds can help prevent rising rates.

Fed Action:

2015 was filled with anticipation of a rate hike from the U.S. Federal Reserve Board. The money policy committee finally acted in December with a quarter-percent increase for short term rates. Mortgage markets had already anticipated the change, and the response was minimal. The Fed is hinting at more hikes in 2016.

I hope this brief overview has helped you understand some of the many factors that impact mortgage rates and the housing market. Don’t worry, though—I follow these every day so you don’t have to.

If you or anyone you know would like to explore current opportunities, please give me a call or email me. I’ll be happy to help.

What Growing Home Values Could Mean for You

More good news in the housing market! Below, please find a chart depicting the most recently released housing price gains. I’ve also listed annualized gains and some commentary on what these changes may mean for you.

2nd quarter update

The appreciation figures shown are derived from the Federal Housing Finance Agency (FHFA) All Transactions Data and compiled by Estate of Mind, Inc. Appreciation will vary from year to year, can decline and, for any individual property, can be more or less than the averages illustrated here. Information is deemed accurate but not warranted.

You’ve probably heard me say this before, but the long-term trend of rising home values is continuing. This is good news no matter where you are in terms of home buying and home owning. Why?

  • Rising home values generally are a sign that the economy is on the right track. I hope this means other aspects of your financial life are appreciating as well.
  • According to research done by the Federal Reserve Board, homeownership is one of our country’s greatest contributors to personal wealth. When home values grow, your home can often be a key component to securing your financial future.

For right now, the growing value of your home equity may also allow you to access cash, get rid of mortgage insurance or refinance. If you or someone you care about would like to explore the opportunities, please let me know by contacting my team.

I hope you have found this report helpful and encouraging. Thank you for allowing me to share important news with you.