CONVENTIONAL
30 Yr 4.50 to 4.875 APR 5.376
15 Yr 4.00 to 4.25 APR 4.64

JUMBO & ARMS
5 Yr Please Call
7 Yr Please Call

FHA/VA/USDA
30 Yr 4.25 APR 5.375
15 Yr 4.00 APR 5.1

December’s private payroll saw its biggest monthly increase in nearly 2 years, suggesting sustained strength in the labor market despite ongoing financial market volatility.

Weak performance and volatility in stocks have driven investors to the safety of bonds. As yields fall, mortgage rates are likely to drop along with them.

A dip in consumer confidence shows households may be worried about the economy. If the economy slows, mortgage rates could benefit further.

CONVENTIONAL
30 Yr 4.625 to 4.875 APR 5.12
15 Yr 4.125 to 4.625 APR 4.89

JUMBO & ARMS
5 Yr Call Me On Rate
7 Yr Call Me On Rate

FHA/VA/USDA
30 Yr 4.375 APR 5.54
15 Yr 4 APR 5.126

CONVENTIONAL
30 Yr 4.75 to 5 APR 5.38
15 Yr 4.25 to 4.625 APR 4.89

JUMBO & ARMS
5 Yr Call Me On Rate
7 Yr Call Me On Rate

FHA/VA/USDA
30 Yr 4.5 APR 5.635
15 Yr 4.125 APR 5.387

Many would-be homebuyers assume that spring and summer are the best times to buy a new house. After all, the kids are out of school, the weather’s nice and it seems like that’s when all the inventory hits the market. Why not use the nice weather and extra time to your advantage?

In reality, though, winter can be a favorable time to buy. From fewer bidding wars to a faster, easier closing, here’s what buying a house in winter can offer:

• Lower Prices: There’s often lower demand in winter. Sellers will typically have to work harder to sell their homes during this season. That means price cuts, more concessions and maybe even some extra negotiation room for you.
• Less Competition: Fewer people buy in the winter, and that often means a smoother homebuying process. You’re also less likely to contend with cash buyers and bidding wars, making it easier to get into the home you want.
• Faster Timeline: All of the above means a potentially faster, more efficient closing. With fewer buyers to handle, inspectors, appraisers and agents are more likely to be able to work on your timeline. Movers, handymen and home cleaning services may also have more availability.
• Better mortgage interest rate: We al know the rates are on the rise. It’s 4.875% this Thanksgiving season. Most certainly it will be above 5% starting 2019. It’s time to jump off the fence and act before spring comes.

These are just a few of the benefits of buying in this winter.

CONVENTIONAL
30 Yr 4.875 to 5.125 APR 5.573
15 Yr 4.5 to 4.75 APR 5.125

JUMBO & ARMS
5 Yr Call Me On Rate
7 Yr Call Me On Rate

FHA/VA/USDA
30 Yr 4.75 APR 5.897
15 Yr 4.25 APR 5.53

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year.