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Are Interest Rates Going Up or Down in 2019?
Are you thinking of buying a home in 2019 and wondering what the interest rates will be then?
Interest rates are projected to steadily increase in 2019.
1st Quarter - 4.9%
2nd Quarter - 5.0%
3rd Quarter - 5.2%
4th Quarter - 5.3%
Interest rates have a direct impact on your monthly payments. The higher the interest, the higher is you payment. But, let's look at it from a different perspective. There are 2 major reasons to buy your Home now:
1. With the Rental Rates today, it is still cheaper owning your own home then paying rent! Do you want to continue paying off your landlord's mortgage or would you rather invest in your own future? Did you know that you also earn equity on your own home? Last year in Colorado (2017), homes have appreciated over 10%. That's your $ to keep! Not your landlord's! For example, that's over $35,000 on a $350,000 home.
2.The rates are still at the all time lows! Below is the chart provided by Keeping Current Matters that was created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook to reflect the interest rates over the the last 45 years.
See the LINK to the full post by Keeping Current Matters
As you can see, today, tomorrow and the next year 2019 is still the right time to buy! Invest in your future and experience the joy of homeownership!
Call me with any questions or concerns! I'd be happy to help you achieve your Real Estate Dreams!
Olga Telesin is a Colorado Realtor working with Exit Realty DTC. Whether you are buying or selling within the Denver Metro Area, please call me for expert advice and premier service! Visit my Website to see local listings in Highlands Ranch, Lone Tree, Castle Rock, Castle Pines, Denver, Parker, Aurora or to get a Free Home Valuation. Call or text Olga today at 720-365-4651. Search Like a Realtor - here's your FREE Access To The DENVER MLS!
My name is Olga Telesin and I am a Colorado Realtor helping buyers and sellers around the Denver Metro areas of Colorado, including Denver, Aurora, Parker, Centennial, Highlands Ranch, Castle Rock and....