08 Oct Q4 Housing Market Projections Favorable for Buyers
Our traditional loans and innovative portfolio suite of products help make qualifying buyers with diverse mortgage needs easier. The fact that mortgage rates fell for most of the year and continue to do so into Q4 make for an ideal situation in the market. This is great news for you and your homebuyer!
Current stats indicate a thriving housing market:
- 5.49 million existing home sales at an annual rate and an increase of 1.3% in August according to the National Board of Realtors. This growth is forecasted through Q4 2019 and Q1 2020.
- 3.5% average decline in rates for a 30-year fixed mortgage will continue in Q4 according to Freddie Mac. As a result, refinances are currently at a 3-year high.
- 12% gain in housing starts in August is the strongest pace since 2007 according to the United States Census Bureau, Department of Commerce, Housing Starts.
Take advantage of the market and let us help you sell more homes to more buyers! Visit our website to learn more about our traditional loans and options for self-employed borrowers and those with credit events. When we say “Built for Speed. Driven by Service. Close Quickly With Angel Oak Home Loans.”, we mean it!
Close Quickly with Angel Oak Home Loans-we’ll lead the way.