As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need to watch carefully: interest rates & inventory.Interest RatesMortgage interest rates had been on the rise for much of 2018, but they made a welcome reversal at the end of the year. According to … (0 comments)
Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months in a row. To many, the outlook heading into 2019 appeared dim… at best. Then, in a 24-hour window last week, things seemed to change. On Wednesday, the National Association of Realtors’ (NAR) revealed in their Existing Homes Sales Report that home sales had INCREASED for the second consecutive … (0 comments)
buying a home in 2019: Where Are Interest Rates Headed in 2019?
- 12/05/18 11:44 AM
Where Are Interest Rates Headed in 2019? 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. How Will This Impact Your Mortgage Payment?Depending on the amount of the loan that you secure, … (0 comments)
When it comes to buying a home, there’s a lot to keep in mind. Did you correctly guess these top emoji tips? Feel free to let us know in the comments, and share how many you guessed correctly! Better Homes and Gardens Real Estate Star Homes 1 Office with 2 Locations: 783 N Barron Blvd, Grayslake IL 60030 Phone: 847-548-2625 4817 W Elm St, McHenry IL 60050 Phone: 815-322-1371 info@StarHomeTeam.com Find Us Online:
The Emoji Guide to Buying a Home in 2018-2019 … (0 comments)
Excited About Buying A Home This Year? Here’s What to Watch 
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