Is Now the Time To Buy? Homebuyer’s Mortgage Watch – January 6, 2019
🔥Attention California Renters and First Time Buyers!🔥
This program makes it easier for renters to buy a home (with as little as 3% down, and it can be gift funds from a relative!) 😲
Click below to see terms/details.
*Borrowers should have a minimum credit score of 580 to qualify
*If you are a veteran you may qualify for additional financing!
This Week Highlights the Following Updates:
- As if to remind markets that the sky is not falling and the economy is still powering forward, last week ended with news that 312,000 jobs were created in December.
- Not only was that the largest monthly number in a decade, but 58,000 jobs were added to the previous two months.
- While it bears noting that global economic activity appears to be slowing, and the US economy continues to face many other challenges, we are still in a period of economic expansion.
- The Federal Reserve Chair also weighed in this week with comments that soothed fears of a Fed that was becoming overly rigid.
- The pessimism that has been ruling the markets for the last couple of months may fade a bit in the coming weeks. As such, we’re likely to see rates move more in sync with incoming economic data.
- Monday’s release of the ISM Services Index should set the tone for the week. If it declines more than expected, it will remind us that the economy is slowing, and rates are likely to remain level.
- However, any positive economic news will very likely press rates higher as the week progresses.
The Hottest Housing Markets in 2019
According to the economists at Realtor.com, a number of housing markets are predicted to surge in 2019. Factoring in local economic strength, population movements, and a few other factors, the experts are predicting that Lakeland, FL will see 5% sales growth and 7.4% price growth. Grand Rapids, MI, may see sales growth of 4% with 8.2% price growth, while El Paso, TX, is predicted to experience 7.9% increase in sales with a 2.5% increase in sales prices.