If we had workable, crystal balls, wouldn't it be easier to predict trends, and what, the future, would bring? However, since most have not found, their personal version of a reliable form of these, it might make sense, to better understand, some of the signs, and omens, which might be useful, in providing us, with more information, to make an informed – decision!
One of these relevant issues, is, related to mortgage rates, and determining, whether/ if, and, for, how long, these interest rates, will remain, as low (or close), as they are, today. For the application related to mortgage Apply now.
Economic considerations: If trade wars expand, or even if many perceive instability, etc, these economic considerations, might affect, the number of potential, qualified, home buyers, who are ready, willing, and able, to seriously consider, buying a house, That would transform the real estate market, from sellers to a buyers market, and, this might have an impact/ effect on mortgage rates, partly because of, supply – and – demand!
Supply and demand: Like, nearly, every other aspect of economics, supply, and demand, have a major effect, on real estate, also.
Proceed wisely, and pay, keen attention, to, the effects of a variety of factors, on the future level of interest rates, and, thus, what mortgages, might cost. A wise consumer, who educates himself, is best prepared, and ready, for any contingency!