Jackie Alluisi- Northside Realty
Jackie Alluisi Northside Realty
4701 Creedmoor Rd Ste 105
Raleigh, NC 27612
Mobile: 919-624-1631 Fax: 919-782-7986

News! Is the Recent Dip in Interest Rates Here to Stay?


https://bit.ly/2TXHbOz

Is the Recent Dip in Interest Rates Here to Stay?

Is the Recent Dip in Interest Rates Here to Stay? | MyKCM
 

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.

After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states,

“Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent. Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy.”

In some areas of the country, the combination of rising interest rates and rising home prices had made some first-time buyers push pause on their home searches. But with more inventory coming to market, continued price growth, and interest rates slowing, this is a great time to get back in the market!

Will This Trend Continue?

According to the latest forecasts from Fannie Maethe Mortgage Bankers Associationand the National Association of Realtors, mortgage rates will increase over the course of 2019, but not at the same pace they did in 2018. You can see the forecasts broken down by quarter below.

Is the Recent Dip in Interest Rates Here to Stay? | MyKCM

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home in 2019 is on your short list of goals to achieve, let’s get together to find out if you are able to today.


HOT MARKET STILL!



PhotoMLS#AddressLocationNeighborhoodPriceSizeStyleType
22 photos
2008208 1201Pinehurst Drive
228 Meadowmont $739,900 3,363 sq. ft. 2 Story Residential
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1988645 337 Oxfordshire Lane
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4,591 sq. ft. 3 Story Residential
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2006212 3509 Westover Road
105B Hope Valley $525,000 3,181 sq. ft. 2 1/2 Story Residential
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1898244 1205 Old Lystra Road
Chapel Hill N/A $399,900 2,200 sq. ft. 2 Story Residential
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1988252 4218 Peachway Drive
114 Garrett Farms SALE PENDING
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1990389 3811 Somerset Drive
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1,840 sq. ft. 2 Story Residential
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1986499 1431 Arborgate Circle
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1978508 710 Cross Timbers Drive
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1996227 407 Inter Way
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1,652 sq. ft. 2 Story Residential
13 photos
1990021 32 Citation Drive
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