How To Take Advantage Of Your Home Equity
Learn how to use your home equity to your advantage! Many people use home equity to pay for big expenses like home remodels, medical debt, or financing their children’s college education. http://ow.ly/3iTj30nRhEi
According to Lawrence Yun, NAR Chief Economist , “Homebuyers are now returning and taking advantage of lower interest rates, while a boost in inventory is also providing more choices for consumers.” http://ow.ly/lUJi30nRh7t
“Recent inventory increases and the slowdown in house price appreciation are not coincidences and may be the first signs of a weakening sellers’ market, which is good news for home buyers.” -First American Chief Economist Mark Fleming http://ow.ly/vrkd30nCATy
“The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment,” NAHB Chairman Randy Noel said. “Low unemployment, solid job growth and favorable demographics should support housing demand in the coming months.” http://ow.ly/tT7r30nlbx7 #NewBuilds #HousingDemand
Predictions for housing in 2019: Mortgage rates will continue increasing while Millennials will create the highest demand for housing. http://ow.ly/q0n230nlas7
“A slowing economy and moderation in house price expectations will act to keep mortgage demand and home sales flat over the next year or so,” writes Capital Economics Property Economist Matthew Pointon. http://ow.ly/NpY130nccOH #2019MortgagePredictions
The biggest unknown for housing in 2019 are the current negative trends, such as low inventory, and/or rising interest rates and whether the market will adjust to continue its modest growth. http://ow.ly/SCJs30mSrWY
Honolulu, HI is the leading city where homeowners have the greatest debt, while Huntsville, AL homeowners take on the least debt: http://ow.ly/2CEH30mSoMn
“Homebuyers pounced on the stability in rates as purchase mortgage applications increased, which indicates that despite higher mortgage rates this year there are buyers on the fence waiting for the right time to buy.” Freddie Mac Chief Economist Sam Khater said. http://ow.ly/xprq30mNTVo
“According to the survey, the 30-year fixed-rate mortgage remained unchanged from last week, averaging 4.94% for the week ending Nov. 15, 2018.”
http://ow.ly/RZk530mE6N8 #MortgageRates