What will happen in 2020?

It is 2020 & the ‘Roaring 20’s’ have started!  What will happen in 2020?   How will mortgage loan rates react in 2020?  What will happen with home sales in 2020?  What will happen to home prices in 2020? It is not what one person thinks, it is all about what the industry most trusted entities believe based other experience and data.

Episode 088 of the Martini Mortgage Podcast with Raleigh Mortgage Lender Kevin Martini is called:  What will happen in 2020?  

The narrative of what the industries most trusted entities have to say (e.g. CoreLogic, Fannie Mae, Freddie Mac, National Association of Realtors {NAR}, Mortgage Bankers Association {MBA}) is shared via audio episode however in this article we want to share some written editorial and  graphs. 

Mortgage Rates Are Cheap Today!

During the most recent decade, mortgage rates have hovered under 5%.  This was less expensive than they were in the 1970s, 1980s,  1990s or even the 2000s

“It is my opinion, that many cannot fully appreciate the home loan rate environment since mortgage rates have remained south of 5% for the last decade.  The current home loan rate environment, in my opinion, screams opportunity because low mortgage rates amplify ones’ buying power.” Kevin Martini, Raleigh Mortgage Lender

Where Mortgage Rates are Headed in 2020?

The 30-year mortgage rates is projected to stay stable throughout 2020 according to data from Fannie Mae, Freddie Mac, National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA).

What is the Home Sales Projections for 2020? 

3 out of the big 4 believe that there will be sales growth in 2020 and one of the 4 think 2020 will bring the exact same amount of sales as 2019 brought.  Oh by the way, 2019 was not a bad year for home sales!

Where are Home Prices headed in 2020?

The 4 major industry entities and CoreLogic, the leading source or real estate data, all believe the home values will appreciate in 2020.

The Kevin Martini Bottomline 

Mortgage rates are projected to remain at historic levels…in fact, they are projected to remain below 4% & this low home loan rate may cause sales to exceed the industry experts expectations for 2020.  When there an increase in demand with pressure on supply, historically home prices continue to appreciate and they may appreciate at a higher level than the industry experts predict.  

‘I believe that 2020 will be a ground floor opportunity fro anyone thinking of buying, sell, refinancing or investing in real estate.’

Kevin Martini

Kevin Martini | NMLS ID 143962 | Senior Mortgage Strategist & Branch Manager | Martini Mortgage Group at Benchmark Mortgage | Ark-La-Tex Financial Services, LLC NMLS ID 2143 | 223 S West Street, Suite 900 Raleigh, NC 27603 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity