As the stock market declined, so did mortgage rates offering a bad new-good news situation.
January Monthly Skinny Video
For 2020, the National Association of REALTORS’ Chief Economist, Lawrence Yun, sees good news for home prices.
December Monthly Skinny Video
“Buyer demand continues to be strong, especially given the supply constraints.”
November Monthly Skinny Video
Prices increased in year-over-year comparisons, and this will likely remain the case for the rest of the year.
October Monthly Skinny Video
Fannie Mae is predicting that continued low rates and possibly lower rates are expected in 2020.
Mortgage Rates Tick Up
November 14, 2019
The modest uptick in mortgage rates over the last two months reflects declining recession fears and a more sanguine outlook for the global economy. Due to the improved economic outlook, purchase mortgage applications rose fifteen percent over the same week a year ago, the second highest weekly increase in the last two years. Given the important role residential real estate plays in the economy, the steady improvement of the housing market is a reassuring sign that the economy is on solid ground heading into next year.
Information provided by Freddie Mac.
Mortgage Rates Tick Up
November 14, 2019
The modest uptick in mortgage rates over the last two months reflects declining recession fears and a more sanguine outlook for the global economy. Due to the improved economic outlook, purchase mortgage applications rose fifteen percent over the same week a year ago, the second highest weekly increase in the last two years. Given the important role residential real estate plays in the economy, the steady improvement of the housing market is a reassuring sign that the economy is on solid ground heading into next year.
Information provided by Freddie Mac.
September Monthly Skinny Video
“Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates.”
August Monthly Skinny Video
“There’s a lot of interest in the housing market and how a changing economy affects one’s position within it.”
July Monthly Skinny Video
Home price growth has slowed and now more closely matches income and wage growth – a healthy development.