With the economic growth at the cusp of recording the longest expansion in U.S. history, CoreLogic expects the lowest unemployment rates in 50 years by 2019. Their other projection for 2019 is higher interest rates. It also anticipates a rise in long-term yields, pushing 30-year fixed mortgage rates up to an average of about 5.25 percent by December next year—the highest in a decade.
Watch Frank Nothaft, Chief Economist at CoreLogic [1] talk more on how this will affect housing and mortgage activities in the year ahead.
Click here [2] to know more.