Some buyers panic after mortgage rates surge · PERT Florida Real Estate School

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Average long-term mortgage rates were above 6 % during the height of the last housing boom, and they hadn’t hit 5 percent before 2008. So someone looking to buy a home in the next couple of months doesn’t need to panic, said Svenja Gudell, chief economist at Zillow, a real estate information company.

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 · At her small beach house that sits in a flood zone, Nancy Loft-Powers worries. The prospect of rising water, she said, isn’t what bothers her. It’s the expected rise in the cost of her $7,500.

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The Real Estate Marketplace Glossary: How to Talk the Talk Buying a home can be exciting. It also can. which the buyer of real property takes over the seller’s existing mortgage; the. A provision of some adjustable-rate mortgage (ARM) loans that allows the borrower to change the

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 · With regard to home prices, if this current (bubble) price surge was made possible, in part, by plunging mortgage rates, wouldn’t rising mortgage rates correspondingly affect a downward pressure on home prices? In that case, new home buyers will still get the same house for the same money- higher mortgage rates, but on a lower home price.

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