The Scoop San Joaquin Market Update December 2018 Call 209-762-3552 For More Information It's Still A Seller's Market In 2017 on the market there were 783 homes. December 2018 closed
Mortgage Interest Rates Forecast
Have you been wondering what the mortgage interest rate forecast for 2019 is? Have you been wanting to wait to buy until prices and interest rates go back down?
Well, let's have a look at both of those questions and see if we can look at the historical statistics and the predictions. And come up with some answers.
First of all, let's look at the mortgage interest rate forecast. They are predicting an interest rate increase in every quarter of 2019. Here's a chart of those predictions.
Now, let's remember that predictions last year at this time were that we were going to have an increase in interest rates every quarter of this year. And yes we have had some increases this last year. And higher interest rates are going to make your Stockton home mortgage payment higher.
The thing is that your home's mortgage payment is going to remain the same for the next 30 years. Can you say that about your rent payment? The answer to that question is NO.
Now let's look at the historical interest rate over the last 45 years. Here's a chart so you can see just how affordable interest rates are right now.
As we can clearly see we are at near historically low interest rates. They are not going to go much lower. Although, they could go much higher.
If you have been wondering what you might be able to afford. Or if you should stop paying someone else's mortgage payment, with your rent.
Then it's probably worth 15 minutes of your time for a phone conversation. You can schedule that by clicking the link below.
Are you looking for an agent who will listen to everything you have to say, from your very first contact with him, all the way until the day he hands over the keys to your new home or closes the deal ....