Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according toFreddie Mac’sPrimary Mortgage Market Survey.
After the first week of 2019, rates have continued their downward trend. AsFreddie Mac’s Chief EconomistSam Khater notes, this is great news for homebuyers. He states,
“Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent. Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy.”
In some areas of the country, the combination of rising interest rates and rising home prices had made some first-time buyers push pause on their home searches. But with more inventory coming to market, continued price growth, and interest rates slowing, this is a great time to get back in the market!
Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home in 2019 is on your short list of goals to achieve, meet with me Kim Guest to find out the best game plan for you.
Author:Kim Guest Phone: 864-918-0066 Dated: January 9th 2019 Views: 143 About Kim: ...
With approximately 50 years combined experience, Guest Group brings a wealth of varied experience in both Residential and Commercial Real Estate.
We are loyal, ethical and very dedicated to our clients. We give exceptional service and continue to have our clients for life. We compliment each other and understand the Real Estate Industry and the Local Market.
We have strong negotiating skills and transaction servicing that will ensure you of a successful real estate experience.
Have you heard it is a bad idea to buy a home during the holidays? Tha
"We couldn't be happier with the service(s) we received from the Lawton Team and our realtor associate, Dawn Borkowski, with our home search during our recent relocation to the Greenville area. Dawn has a deep knowledge of the areas we were interested in searching, listened to our wish list and found us the perfect home in a very short period. She guided us through the process with professional precision and managed a good part of the many details for us, as we were still living out of state. Her professionalism and friendship truly made our move, which could have been a challenge, an easy and enjoyable transition. We can't recommend her and the Lawton Team's services highly enough!"