Mortgage rates forecast for July 2019
Mortgage rates have taken a turn for the better, and there’s an audible rushing sound as homeowners flock to refinance. Refinance applications jumped 47% week-over-week recently, according to the Mortgage Bankers Association.
It’s easy to see why. Mortgage agency Freddie Mac says average 30-year mortgage rates hit 3.82% in June, the lowest level in nearly two years. This is one of the best times in history to refinance, but will rates stay low?
Well, President Trump’s pressure on the Fed, plus low inflation, plus lackluster economic data has one commentator saying we’ll see the lowest rates ever in the next 12 months. How’s that for a forecast?
Ready to capture a historic low rate? This could be your opportunity.