Michigan-Based Capital Mortgage Funding Predicts Strong Home Purchase Sales For 2018

Look for the housing market to continue upward trend even with rising mortgage rates

SOUTHFIELD, Mich., Jan. 16, 2018 (GLOBE NEWSWIRE) -- With another strong year in the books, 2018 is getting off to a strong start and will continue the momentum exhibited in the last six years according to Harry J Glanz, President and Co-Founder of Capital Mortgage Funding based in Southfield, Mich.

“Sellers will continue to benefit as eager buyers continue to snap up desirable listed properties often after putting in multiple offers,” Glanz explains.

“As you would expect, sales were especially strong spring and summer of 2017 however we experienced continuity throughout the fall and now winter as the activity has been brisk thus far in January 2018 which indicates a very good outlook for the upcoming year,” continued Glanz.

If buyers are willing to get out in very cold, snowy weather and sellers are equally willing to list homes and have prospective buyers walk through their property this early in the year its a strong market!!

Mortgage interest rates are predicted to rise as the Federal Reserve has indicated that they are looking at 3 rate hikes in 2018. As long as 30 year fixed mortgage interest rates are within the 4.25 -4.75 range and 15 year fixed mortgage interest rates are within the 3.75-4.25 range they are still historically low and activity will be brisk.

Celebrating over 26 years of Five-Star Lending Service Excellence, award-winning and nationally recognized Capital Mortgage Funding offers a wide variety of loan programs, including but not limited to Conventional, FHA, VA, USDA/RD, & Jumbo. The company also offers clients the best in customized personal services. For more information, call 248-LOW-RATE or go online to www.lowrateonline.com. Capital Mortgage Funding is Powered by Fairway Independent Mortgage Corporation a Nationally Ranked Top 10 Mortgage Lender and is the winner of the national corporation’s Top Affiliate Award.

CMF is located at 17170 W. Twelve Mile Rd, Southfield, MI 48076.            NMLS#2289.

Harry Glanz is available for interviews on this subject of the Mortgage Lending, and Mortgage industry topics.

For more information contact:
Lynnette Ricketts
(248) 833-5184