/
Real Estate Market Trends – September 2019

Real Estate Market Trends – September 2019

ne needs to be cautious in evaluating the myriad of data and statistics that are available to investors today. It is too easy to glean only the information that fits some preconceived notion or desire.

Navigate

Real Estate Market Trends – September 2019

It’s been said that the only certainty in trying to predict the real estate market is uncertainty, but that’s not particularly helpful to investors. At Primior, we realize that while there may be no certainties, our years of education, study and proven performance record enable us to help guide our investors to further achieve their investment goals no matter where the market currently is or where it is headed. Part of that process is to track current trends and understand them through a historical perspective.

30-year mortgage falls to a three-year low

On September 4, the 30-year, fixed interest rate conventional mortgage was 3.75%, marking the lowest it’s been since the fall of 2016. As recently as November 2018, the average 30-year rate exceeded 5%. Although many had predicted 2019 would see a steady increase in rates throughout the year, factors such as the dip in yields on the 10-year U.S. Treasury bonds and the Federal Reserve Board’s decision to drop rates were likely factors in the recent news.

August had the highest volume of mortgage loan applications in 2019

According to the Mortgage Bankers Association, not only was August the best month of 2019, purchase activity was up a healthy 9% over the same period last year. The MBA conducts surveys of mortgage bankers, commercial banks and thrifts, and the respondents account for over 75% of all residential mortgage applications.

The MBA forecasts commercial and multifamily mortgage bankers to set record

Heightened demand and higher volumes were instrumental in the MBA’s decision to bump up its previous predictions in a September 9 press release. Last year’s record loan total of $339 billion is likely to be eclipsed by as much as 6% this year.

Mortgage credit availability decreases

Despite the falling mortgage rates and the increase in mortgage applications, the mortgage credit availability index fell almost 4% in August, an indication that lending standards are tightening. Despite optimistic news otherwise, it seems some mortgage lenders are fearful of an economic slowdown.

One needs to be cautious in evaluating the myriad of data and statistics that are available to investors today. It is too easy to glean only the information that fits some preconceived notion or desire. Primior has the experience and objectivity to gather all the information, fit the pieces together and craft an approach specifically designed for your investment goals.

LinkedIn
Twitter
Telegram
Email

Join Our Newsletter:

You've joined our newsletter.

Thank you for joining our newsletter! We will send you monthly insights, updates, and feature launches directly to your inbox.

Same-Day Property Management Quote

1. Property Information

Information we need about your property in order to generate your quote.

2. Where should you send your offer?

Let us know where we should send your property management offer.

Apply Now

By submitting this form, you agree to our Privacy Policy.

Primior Application Form

By submitting this form, you agree to our Privacy Policy.

Before you can schedule a call...

Before you are able to schedule a call with our team, you must first complete our Investor Alignment Assessment.

1
Complete Assessment

First, complete the investor alignment assessment.

2
Schedule Strategy Call

Next, pick a day and time for a strategy call.

3
Work With Primior

Finally, you will be able to work with our team.

By submitting this form, you consent, acknowledge, and agree to this website’s Privacy Policy. You also consent to receive marketing communications via automated telephone dialing systems and/or pre-recorded calls, text messages, and/or emails from Primior at the phone number and email address provided above with offers regarding the requested service. You may opt-out at any time.