Housing Market Trends
If you are in the market to buy a home, then you'll want to consider the current housing market trends. Here are just a few market trends to consider.
Mortgage Rates Continue to Fall
Since January 2019, mortgage rates have been on a steady decline, falling from 4% to 3.5%. It is a great opportunity for new home buyers to take advantage of these low rates. According to FreddieMac, a government-owned corporation that buys mortgages, homebuyers have continued to take advantage of multi-year low rates, with both refinancing and purchases.
Home Prices Are Continuing to Rise
Recently, there has been a lot of discussion about an upcoming economic slowdown. However, a recent report by CoreLogic, a property information and data provider, paints a more optimistic picture on the future of the housing market. According to the report, home prices and rents have continued to grow since June 2009. Through May 2019, home prices increased a cumulative 50% and single-family rents increased 33% in the United States.
If you are considering purchasing a home in the near future, you will want to find out what type of mortgage you can afford. Click here to access our free mortgage calculator and find out the right payment for your budget.
Whether you are selling or buying a home, Emory Alliance Credit Union can help you take advantage of the current housing market trends. We offer a variety of loan options, including fixed rate mortgages and adjustable rate mortgages.
Contact Adrian Farris at 404.486.4317 or firstname.lastname@example.org to see how he can help you with a home purchase or save money every month by refinancing today!
Click here to apply online today!
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