Much has been said about the expected rise in mortgage rates for 2019. The Federal Reserve has plans to raise their rates in the upcoming year at least once. Nevertheless, mortgage rates continue to decline in 2018. This is great news for the current market and especially buyers that want to lock in a lower rate before the expected raise in 2019.
Would-be home buyers should prepare for higher rates but keep an eye out for lower-rate opportunities like we’re seeing right now.” -Chief Economist Danielle Hale of realtor.com®
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