Redfin has come out with its new predictions for the 2020 housing market with the expectations that bidding wars will return after an 18-month hiatus. What does that mean for the real estate market? Daryl Fairweather, Redfin Chief Economist stated: “Low mortgage rates started to revitalize the market at the end of this summer, but we won’t see their full …
Due in large part to the persistent decline in mortgage rates throughout 2019, housing is now more affordable than it has been at any point in the last three years. That’s according to a new analysis of the nation’s housing market from the National Association of Home Builders and Wells Fargo. As the latest data from Freddie Mac shows, mortgage rates now sit at 3.69%, more than a full …
Home buyers were granted a bit more time to lock in today’s incredibly low mortgage rates before the era of low interest rates ends with the Fed’s decision to postpone raising its short-term target rate. However the move by the Fed just substantially increased the odds of the important symbolic move occurring in December. And like we’ve seen this week …
