Home Mortgage Rates Omaha
Home mortgage rates are often a determining factor as to
whether you buy or rent. As mortgage rates rise, home
affordability declines. The maximum purchase price that a buyer is
qualified to buy falls as interest rates occupy a higher portion of the
monthly payment. Loan qualification is based on monthly housing cost.
When affordability declines, housing demand declines with it. Buyers
are forced to make more compromises and many decide to wait, which
bolsters the rental market. This puts less people clambering to buy
homes. Rising mortgage rates along with the resultant lower demand
limits home values. If inflation is a factor in causing mortgage rates
to rise, housing prices usually rise to keep up with rising inflation.
Rising rates and rising prices (assuming wages don't keep up with
inflation) dampens demand but it also slowly puts home ownership
farther out of reach for many potential buyers.
Home mortgage rates in Omaha are very low, based on historical
norms. This makes now a great time to buy a house. Home mortgage rates
are expected to rise in the foreseeable future and inflation will
eventually pick up as the economy strengthens. If you are considering a
home purchase, this may be the right time to buy. Visit our Buyers
section for value added programs and information on investing in real
Discount commissions for sellers.
Cash rebates for buyers.