- Housing News, Videos
- January 10, 2019
New Year, New Interest Rates?
New Year, New Interest Rates?
In the past 30 days, we've seen interest rates drop and drop. The 10yr, which recently traded as high as 3.24%, a level not seen since 2011, is down to 2.85%
Tree lightings, theme celebrations, parades, artisan foods and crafts, and holiday décor of all types can now be found in many cities throughout the United States. Some are elevating holiday festivals to the standout event of the year now, with celebrations lasting from November through mid or late January.
With 2018 soon vanishing in our rear-view mirrors, it’s time to peer into our crystal ball to gain a sense of the housing trends that will prevail in 2019.
Over the past month, we've seen rates hold relatively stable despite the uncertainty around the midterm elections. The 10yr is trading within the range of 3.05 and 3.25% and it’s currently at 3.15%. However, in the past year, rates are up about 80bps and it's generally believed the Fed will raise once more in 2018 and twice in 2019. A lot of that will depend on growth and inflation.
Tis the spooky season, when guys and ghouls of all ages are looking for some frightful fun. Do something different this Halloween and go on a spooky adventure to some of the most haunted cities in the United States. For now, take an armchair tour of these creepy-sounding towns that will help you get into the spooky spirit this Halloween season.
If it seems like interest rates have been going up almost every day, then you are correct. There has been this risk-off trade that has pushed stock and bond prices down. Investors are taking profits as there seems to be more and more concerns over valuations and the trade war with China.
For the last couple of weeks, we've seen interest rates creep up and up. The yield on the 10-year Treasury is now over 3%; something that hasn't happened very often since the financial crisis. The graph on your screen shows the 10-year for the past 8 years. What's interesting is the fact that the 10-year has not sustained a 3+% yield for 30 straight days since 2011.
Jason Obradovich, EVP of Capital Markets for New American Funding is back with the latest Mortgage Rundown. If you've been following the market, you may have noticed interest rates have slightly come down. What is going to happen to rates for the remainder of the year?
There are several features that buyers are looking for when it comes time to purchase a new home. Do you know what those features are? Check out our latest infographic to learn more about what the most important property must-haves are to attract the most number of buyers.