What could 2020 have in store for homeowners and future buyers? In 2018 the Federal Reserve confidently projected higher rates in both short team and long term rates. Concerns of Inflation fueled their analysis. 2019 was a miss. There stance from short term rate hikes to short term rates cuts were a result and long term rates of mortgages in the second half of the year declined to historic low’s of late 2017. Lower than 2018 and the first half of 2019.
Projections as they are, based off of what the current economic outlook is, seems promising for homeowners who are considering a refinance for home improvement needs, debt consolidation and more. For buyers it continues to be optimistic that the mortgage rates will remain “low” increasing your purchase power of a new home.
My intention in this presentation was to provide education and trigger question you may have. Questions? Please ask. I am happy to provide clarification and education.
Call: 206-601-3426 | Email: keith@mortgagereel.com | select a date and time from my calendar below to connect over a call.
