Last Week in Review: Goldilocks 2.0
As we enter the final weeks of 2019, the housing and home lending sectors have enjoyed a good year thanks to a “Goldilocks” scenario of a tight labor market, rising wages, consumer confidence, and three-year low interest rates.
Many are asking “What should we expect for housing, and thus lending, as we enter 2020?” The answer: 2020 may even be better for both.
Tailwinds for Housing in 2020 include:
Bottom line: 2019 was a good year and the data suggests the good times should continue well into the spring of 2020 making it a historic opportunity to have both a strong economy and low rates.
Consumer Access Web Site: www.nmlsconsumeraccess.com.
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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00