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Where Are Interest Rates Headed In 2019?

Posted by David E. DeChant on Wednesday, December 5th, 2018 at 8:59am.

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 throughout 2019.

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. But don’t let the prediction that rates will increase stop you from purchasing your dream home this year!

Let’s take a look at a historical view of interest rates over the last 45 years.

Bottom Line

Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

 

Source: https://www.keepingcurrentmatters.com/2018/12/05/where-are-interest-rates-headed-in-2019/ 

3 Responses to "Where Are Interest Rates Headed In 2019?"

2008 Vs. Now: Are Owners Using Their Homes As ATMs Again? wrote: [...]Links

Where Are Interest Rates Headed In 2019?
Homeowners Aged 65+ Have 48x More Net Worth Than Renters
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Posted on Thursday, December 6th, 2018 at 12:09pm.

The Tale Of Two Markets [INFOGRAPHIC] wrote: [...]Links

2008 Vs. Now: Are Owners Using Their Homes As ATMs Again?
Where Are Interest Rates Headed In 2019?
Homeowners Aged 65+ Have 48x More Net Worth Than Renters




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Posted on Friday, December 7th, 2018 at 1:12pm.

What If I Wait A Year To Buy A Home? wrote: [...][INFOGRAPHIC]
2008 Vs. Now: Are Owners Using Their Homes As ATMs Again?
Where Are Interest Rates Headed In 2019?




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Posted on Tuesday, December 11th, 2018 at 11:50am.

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