06 August . 2019
Lowest Mortgage Rates in Two Years Drive the Housing Market
Whether you are in the market to buy a new home or refinance your existing house, you are happy with the fact that the 30-year fixed-rate mortgage has been below 4% since the last week of May. Freddie Mac notes that the course is not all smooth sailing with looming trade disputes, the potential for an economic slowdown, and the market response to the interest cut by the Federal Reserve. However, the U.S. labor market remains strong. Worker's pay is rising, jobless claims continue to diminish, and the low unemployment rate builds confidence in homebuyers.