Mortgage Interest Rate Decreases What Does It Mean For 2019

Mortgage Interest Rate Decreases What Does It Mean For 2019

 
Mortgage interest rate decreases… what does it mean for 2019? A perspective from Ryan Rose at Keller Williams Realty Downtown, LLC

Ryan Rose, Denver.s top Real Estate Agent


2019 has given the mortgage market somewhat of a surprise 1st quarter interest rates. If you had spoken to any mortgage professional in early December they would have predicted 3 to 4 rate hikes for 2019 where in 2020 we would have been looking at rates at 5.75-6%. But as everyone recalls mid-December the US stock market saw a large market correction which changed the Federal Reserve’s stance on interest rates. The January rate hike that was pre-built into mortgage rates did not happen which shifted rates back  to a great rate for those early spring shoppers. Savvy buyers see this short opportunity and are jumping into the market early this season to take advantage of these great rates.

 

If you have specific questions on mortgage rates and your buying power or just curious about the Denver real estate market? Click Here


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Phone: 720-441-3855
Dated: March 5th 2019
Views: 555
About Ryan: As a Denver Realtor, I am in love with what I do. I was inspired to pursue the real estate professio...

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