2019-Mortgage rates have been fulfilling for mortgage buyers and homeowners refinancing.
Most buyers have waited until 2019 to pull the trigger on getting into a new home mortgage and here's why.
Q1 has been showing a progressive movement in the real estate market due to still historical low interest rates. The rates are in a 14 month low since February 1, 2018. As of March 2019, Freddie Mac has decreased to 4.28% which is a rate that was unseen without an ARM or bi-weekly mortgage. Mortgage rates are expected to stay quietly low however rates can rocket higher without any notice.
Although home prices have gone up, that is not the case in all areas. Some neighborhood prices are starting to decrease. Other homeowners have been unable to benefit from any equity line of credit or refinancing due to stagnant comparable home values. In 2019 special programs have been created by Freddie Mac known as FMERR (Freddie Mac Enhanced Relief Refinance) that helps borrowers refinance with no equity. Even low credit homeowners are now seeing easements in refinancing options via FHA. Seems that now is a good time to lock into a mortgage. See how you can qualify.
Predicted Rates For 30 Year Mortgage 2019:
Disclaimer; the information provided is the views of an experience real estate sales associate professional. Be sure to consult with an attorney before executing any legal actions or documents.
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