Are Low Interest Rates Here to Stay?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!
This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,
“Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”
To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Macbelieve rates will be by the end of 2019.
Bottom Line
If you plan on buying a home this year, let’s get together to start your home search to ensure you can lock in these historically low rates today!
This Spring Presents Sellers with a Golden Opportunity
This Spring Presents Sellers with a Golden Opportunity If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next...
Key Terms for Homebuyers
Key Terms for Homebuyers Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to...
The #1 Reason To Sell Your House Today
Why Acting Strategically as a Seller Is Your Best Play
Positive: Professionalism, Responsiveness Marty sat down with my and wife and me to explain his process...
4 Simple Graphs Showing Why This Is Not a Housing Bubble
4 Simple Graphs Showing Why This Is Not a Housing Bubble A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However,...
What Every Seller Needs To Know About Renovating This Year
What Every Seller Needs To Know About Renovating This Year If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers. It’s crucial to work with a trusted real estate professional...
Pugs and Kisses
I know I look a lot younger in my photo! Wishing You The Best Valentines Ever!
Is This Your Year To Break Up with Renting?
Is This Your Year To Break Up with Renting? If you aren't in love with renting, you're not alone. Let's...
Want Top Dollar for Your House? Now’s the Time To List It.
Want Top Dollar for Your House? Now’s the Time To List It. When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is...
Wasatch Front Home Prices Soared
Median single-family home prices on the Wasatch Front soared in the fourth quarter. Home prices in the 10 most expensive Wasatch Front ZIP Codes now rival many other large U.S. cities. Alpine’s median price climbed to $1.3 million, a higher median price than Los...