Hi Steve "Stevie D.", Your HomeActions News for Friday, March 13, 2020.
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The 2020 Mortgage Interest Rate Forecast

 

There are many variables that influence the direction of long-term interest rates, but most experts agree the three major areas to watch are:

  • Inflation.
  • The national and global economy.
  • Trade negotiations with China.

These three are interrelated to some degree. For example, if tariffs increase, and prices of goods are driven higher, that can lead to inflation. But if the economy continues to slow, the effects of inflation will be muted.

Most economists and industry experts agree that mortgage interest rates will stay low throughout 2020 because of a weakening global economy and trade uncertainty. Therefore, next year is shaping up to provide significant opportunities for those seeking to jump into home ownership, whether it be first time homebuyers, trade-up buyers, those considering downsizing, and anyone interested in expanding their real estate investments. Lower interest rates mean greater buying power and lower long-term acquisition cost, which increases your return on investment.

Now is the time to have a mortgage expert evaluate your situation and construct a game plan for 2020. Contact me today to set up a cost free analysis!

 

 

 
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Steve
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Steve "Stevie D." DeRienzo
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The information provided in this email newsletter is for general guidance only, and does not constitute the provision of legal advice, tax and accounting advice, real estate investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional real estate, tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Home value estimate calculators provided herein are general estimations based on publicly available data and should not be used as a substitute for a professional appraisal. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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