Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), which showed a notable uptick, as the 30-year fixed-rate mortgage (FRM) averaged 3.69%. This upward climb reignites flat movement over three weeks prior.
According to the WSJ, 85.3% of economists believe an economic recovery will begin in the second half of 2020. Let’s connect to discuss how the expert forecast may influence your plans in the housing market this year.
Summer is gearing up to be the new spring market for home buying and selling! Let’s connect so you’re ready to make your move this season.
Before you get emotionally attached to a beautiful house, check your monthly budget to determine how much house you can afford. You need to leave room in your budget for other things, so make sure your monthly housing costs (including HOA fees, taxes, insurance, etc.) are going to be no more than 25% of your monthly take-home pay.
If you’re in the position to buy a home this year, pre-approval is something you can still do right now to get ahead in the homebuying process. Let’s connect to talk about your goals for 2020.
With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low!
