There’s been a lot of talk about increasing mortgage rates in 2019, and this week, they inched up a bit. However, according to a new analysis by REALTOR® Magazine, this shouldn’t be cause for concern for sellers.
Quoting the article:
“ ‘Rates moved up slightly this week while mortgage applications decreased following last week’s jump in rates—indicating borrower sensitivity to changing mortgage rates,’ says Sam Khater, Freddie Mac’s chief economist. ‘Despite the recent rise, we expect mortgage rates to remain low, in line with the low 10-year Treasury yields, boosting home buyer demand in the next few months.’ "