Today I’m with Matt Wilkerson, owner of @Mortgage, to share a brief forecast for the 2020 housing market.

As you’re well aware, we’re in a very controversial election year. Regardless of what side of the aisle you find yourself on, most economists expect interest rates to stay below 4%. Rates have been near all-time lows for the last three years now, and that will likely continue. A lot of people don’t want to shake things up too much in an election year, so many things stay status quo.

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Rates are bound to go up at some point, and
that will impact your purchasing power.

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Rates are bound to go up at some point, and that will impact your purchasing power. The lower the rates, the more house you can buy with a lower payment. A lot of the market headwinds have settled, and we really expect 2020 to be a great year.

If you would like to take advantage of your purchasing power right now, feel free to give Adam Merrick Real Estate a call at (309)-282-1000 or reach us online. To get in touch with Matt and the @Mortgage team, call (309)-408-0708 or visit atmortgage.com.