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mortgage rates

real estate market

Predictions for the 2020 Real Estate Market

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With just a few more weeks left of 2019, it’s time to look ahead to 2020. This past year has brought a surprising amount of highs and lows for the real estate market, however, the past few months have steadied out. What should we expect in 2020? More of the same? In a recent article from…

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New Home Sales Will Reach 13-Year High

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It’s hard to believe that 2019 is almost over and we are just a few weeks away from 2020. As we near the new year, experts in the real estate industry are already predicting 2020 to be a great year for home buying and selling. The National Association of Realtors is predicting that new home…

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rate drop, rate decrease, mortgage rate

Mortgage Rates Drop For Third Time in 2019

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For the third time this year, The Federal Reserve has lowered the target range for the key, short-term federal funds rate by 25 basis points. This cut almost fully reverses the increases we saw in 2018. The FOMC views these enacted reductions as part of a mid-cycle (mid-late-cycle may be more accurate) adjustment to ensure…

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Homebuilders Confidence Increases as Demand Rises

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Good news for homebuilders throughout the country, the demand for newly-built single-family homes rose three points to 71 in October.  One of the biggest contributors to the increase in demand is low mortgage rates. A recent article from the National Association of Home Builders states: “The second half of 2019 has seen steady gains in single-family construction,…

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Housing rates in July

A Look at the Housing Market Halfway Through 2019

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Wow. Believe it or not, we are more than halfway done with 2019. With the slow start to the year, it seemed as though the housing market was not only going to slow down but could be in a turn for many in the housing industry to start panicking. With mortgage rates dropping, many people…

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Housing rates in July

Is a Rate Cut Coming?

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Could a summer rate cut be on it’s way? Believe it or not, June is over and July is already here. And it just might be the perfect time to lock in that rate. In a recent article from HousingWire.com, it states that traders in futures markets have signaled a 22.5% probability of a rate…

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