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Where Are Interest Rates Headed in 2019?

Where Are Interest Rates Headed in 2019?

Where Are Interest Rates Headed in 2019? | Simplifying The Market

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily throughout 2019.

Where Are Interest Rates Headed in 2019? | Simplifying The Market

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. But don’t let the prediction that rates will increase stop you from purchasing your dream home this year!

Let’s take a look at a historical view of interest rates over the last 45 years.

Where Are Interest Rates Headed in 2019? | Simplifying The Market

Bottom Line

Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

Nest Properties Austin strives to make a positive difference in people’s lives by providing the highest level of Real Estate Brokerage Service. We are a growing, successful, independent Real Estate Company striving to do our absolute best for our clients – every day. We have a focus on setting ourselves apart in this industry by providing the finest level of ethical and professional services and utilizing experienced agents with passion, integrity and an uncompromising commitment to our clients. At Nest, we are dedicated to constantly improving our business through effective communication, teamwork, education and technology.

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