Market Check In
We are halfway through 2019. Yes, you read that sentence correctly. It's hard to believe, but this year is really already halfway over! With school getting out and summer starting, it's easy to forget how quickly time has flown by, but it is important to take a moment and check in with how you're doing so far this year. So, we figured we would check in with the real estate market and see how things are going at the halfway point for 2019. Mortgage Rates Raise Questions After decreasing for months, the mortgage rate seemed to pause last week, leading some to believe that they may be leveling out. According to The Washington Post , the 30-year fixed-rate mortgage rate was 3.82% last week. The 15-year fixed-rate average slipped to 3.26%, and the 5-year adjustable rate landed at 3.51%, down from 3.52% a week prior. Rates have dropped throughout 2019, and according to Market Watch , have only reason 7 weeks this year. Currently, experts are torn on what will happen ...