Is Now the Time To Buy? Homebuyer’s Mortgage Watch – December 22, 2019
To find out if now is the time to buy, check out this week’s mortgage highlights:
- Mortgage rates remained mostly unchanged last week, but upward pressure might be building. Many of the uncertainties that dogged the markets in 2019 appear to be heading toward some resolution.
- The US and China agreed to a first step toward reducing tension in their trade war. While the agreement lacks significant movement on the most critical issues, the fact that negotiators remain at the table and progress is being made is significant news.
- Additionally, the NAFTA replacement is moving toward reality, and a resolution to the Brexit turmoil may happen early next year.
- Overall, the US economy continues growing, slowly, but still, the fears of a recession are dimming. GDP remained unadjusted for the fourth quarter at 2.1%, and Industrial Production bounced back 1.1%.
- The holiday week appears to be shaping up to be a relatively muted week for bond markets.
- With optimism dominating moods and a week of very little economic news, we are likely to see mortgage rates either remain stable or move slightly upward as we move toward the end of the decade.
- Is now the time to buy for you? Purchasing a home is about finding the perfect time in your life. Click here to start your home search or take a virtual tour of Southern California Open Houses on our Facebook group.
- Mortgage rates remained mostly unchanged last week, but upward pressure might be building. Many of the uncertainties that dogged the markets in 2019 appear to be heading toward some resolution.
- The US and China agreed to a first step toward reducing tension in their trade war. While the agreement lacks significant movement on the most critical issues, the fact that negotiators remain at the table and progress is being made is significant news.
- Additionally, the NAFTA replacement is moving toward reality, and a resolution to the Brexit turmoil may happen early next year.
- Overall, the US economy continues growing, slowly, but still, the fears of a recession are dimming. GDP remained unadjusted for the fourth quarter at 2.1%, and Industrial Production bounced back 1.1%.
- The holiday week appears to be shaping up to be a relatively muted week for bond markets.
- With optimism dominating moods and a week of very little economic news, we are likely to see mortgage rates either remain stable or move slightly upward as we move toward the end of the decade.
- Is now the time to buy for you? Purchasing a home is about finding the perfect time in your life. Click here to start your home search or take a virtual tour of Southern California Open Houses on our Facebook group.
If You Are Moving, Will Your New City Pay You?
Last week, Topeka, KS announced a program to pay new residents up to $15,000 to move there. It’s not the only city to be so welcoming. Chattanooga, TN, Baltimore, MD, and Tulsa, OK also offer incentives. The growing number of programs are often offered in conjunction with businesses that incentivize new employees to move. Generally, there are certain requirements, such as not being able to collect until a period of time passes or purchasing a property in the city.
by | Dec 22, 2019
Last week, Topeka, KS announced a program to pay new residents up to $15,000 to move there. It’s not the only city to be so welcoming. Chattanooga, TN, Baltimore, MD, and Tulsa, OK also offer incentives. The growing number of programs are often offered in conjunction with businesses that incentivize new employees to move. Generally, there are certain requirements, such as not being able to collect until a period of time passes or purchasing a property in the city.
by | Dec 22, 2019
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