Where Are Mortgage 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 over the course of the next year.


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.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated 6.2% from this time last year and are predicted to be 5.1% higher next year.

If both the predictions of home price and interest rate increases become a reality, families would wind up paying considerably more for their next homes.

Bottom Line

Even a small increase in interest rate can impact your family’s wealth, so don’t wait until next year! Meet with a local real estate professional to evaluate your ability to purchase your dream home now.
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BeTrue Real Estate helps people Buy & Sell Homes all over San DiegoLa JollaCarmel Valley, and surrounding San Diego areas. We believe in Being True to Yourselves, Your Dreams, Values & Home. With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate, and licensure in New Jersey, New York and California, Rahul, Smitha and the BeTrue Real Estate team can offer global reach. Read our Glowing Reviews here.

If you are interested in Homes, Townhomes, Condominiums in the San Diego area, please Contact Us at 858-263-6773 or 973-615-6504.




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