Fannie Mae is predicting that continued low rates and possibly lower rates are expected in 2020.
Mortgage Rates Hold Steady
October 3, 2019
While mortgage rates generally held steady this week, overall mortgage demand remained very strong, rising over fifty percent from a year ago thanks to increases in both refinance and purchase mortgage applications. As economic growth decelerates, it is clear that low mortgage rates will continue to support the mortgage market and we expect that to persist for the remainder of the year.
Information provided by Freddie Mac.
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.
June Monthly Skinny Video
Despite strong buyer demand, sales totals are lower due to a lack of affordable supply
