Rates are on an upward trend, and have been for 14 months, and there’s no sign of it slowly creeping upwards.
Opportunity for the next 6-8 months:
Rates are still historically low and home prices are still on sale. Any clients who can buy should take advantage now. Don’t wait!
This year we’ve been seeing incomes climbing steadily (oil & gas workers and business owners) who have the required 2 year income history to qualify for a mortgage. We feel that this trend will continue which is indicative of a strong 2019!