According to Freddie Mac predictions, the 30-year fixed rate mortgage will remain below 4% for the rest of 2019, and home sales will reach near-2017 levels next year. Use this forecast to your advantage!
Housing Market Forecast as Bright Spot in Worrisome Economy
“Americans are growing concerned by the growing threats of an economic slowdown, but that doesn’t seem to be affecting housing. Recent housing reports are showing that lower mortgage rates are buoying buyer demand into the fall months. ‘Despite fears of an economic slowdown, the housing market continues to be a bright spot in the economy,’ says Sam Khater, Freddie Mac’s chief economist. ‘While mortgage rates have ticked up in recent weeks, they remain lower than they were a year ago, which will help boost sales headed into the fall.'”