Rates have recently risen in the US and are expected to increase in the months to come according to the Feds. However, despite the increase, the US economy is still on track for growth in 2018 as well as 2019 according the IMF. Let’s note that the housing market has slowly started rectifying its course, and we are seeing prices stabilizing themselves as well as a slight decrease in certain markets. DC is one of those markets experiencing the rectification in price in some neighborhoods.
With possible increases in the months to come, perhaps now will be a good time to lock rates in order to avoid paying more in interest and possibly qualifying for a lesser amount.
