If you are thinking of buying or selling your home in 2016..Do Not Panic . Here are 4 reasons why
1. Mortgage rates will stay low. The Federal Reserve raised its short-term rates for the first time in nearly 10 years, but mortgage rates are likely to remain low. Making buying a home still affordable
2. Less risk exists of a mortgage bubble.No document / Stated Income loans and higher setting ARMs helped lead to the 2005 to 2012 mortgage meltdown, Today’s lenders have pulled back on credit and buyers must qualify for loans
3. More aid for first-time home buyers. The Federal Housing Administration last year reduced mortgage insurance premiums on loans by $900 a year, on average. That has helped some first-time home buyers afford a down payment and enter the market. This is great news
4. Job growth. Over the past five years, the U.S. has seen a slow, steady rate of job creation. Job growth in 2015 is expected to top 2.5 million when the final tally comes in –