This year is coming to a close and 2020 is right around the corner! Experts predict much of the same as we enter the new year.
Mortgage applications saw an increase compared to the beginning of the month. This is due to a 13% surge in refinancing applications,
There is a close watch on the U.S. and the global economy, the job market, and the concerns of what’s to come in 2020.
2019 has been the best year for mortgage rates. As we enter into the second half of this year rates continue to hold a historic low at an average below 4.0 percent, and monthly mortgage payments have declined.
Here’s the August 2019 Real Estate and Mortgage Trends. Mortgage rates have continued to hold steady at a historic low. The 30-year fixed mortgage has dropped below 3.5 percent!
Buyers and homeowners are capitalizing on the historically low levels of mortgage rates we’ve seen this last month. There’s been a big jump in mortgage applications, up 41% annually, because buyers are interested in the best rates even if home prices are still high