2020 Santa Clarita Real Estate Projections: Mortgage Interest Rates, The Local Market & National Volatility
When should I buy a house in Santa Clarita? We sat down with local professional Keith Renno to discuss 2020 Santa Clarita real estate projections, mortgage interest rates and market volatility.
2020 Santa Clarita Real Estate Projections
Mortgage interest rates are low, but volatility is high. Many Santa Clarita residents are wondering: Should I buy, or should I wait? How can I best prepare for the market volatility ahead?
The Tracy Team, your Santa Clarita Realtors, sat down with Senior Mortgage Lender Keith Renno of Wintrust Mortgage in Santa Clarita to discuss future changes in mortgage interest rates, and the real estate market, as we look ahead to 2020.
2020 Santa Clarita Real Estate Projections: Mortgage Interest Rates In Santa Clarita
“Throughout the end of this year, and even going into 2020, we’ll see rates maintain the range they’re in right now, which is right around 4%,” Keith explained. “We’ve actually been a little under 4%, and it wasn’t too long ago we were in the mid-3% range. So I think we’ll be in the mid-3% to 4% range for the next 12 months.”
Keith continued to explain that, this time last year, rates were over 5%, so rates have come down a full percent in a year’s time — and some days, they’ve come down even more.
“But it’s a very volatile market right now, and it’s going to be interesting to see how it all unfolds with the trade wars that are still actively going,” Keith said. “We also have an election year coming up, so there are a lot of unknowns out there.”
2020 Santa Clarita Real Estate Projections: The Santa Clarita Real Estate Market
“Election years are a volatile time for the stock market and the real estate market,” explained Santa Clarita Realtor Tracy Hauser of The Tracy Team in Santa Clarita, “and the number one reason is uncertainty.”
While we can expect more volatility and uncertainty in the markets, however, that doesn’t necessarily mean it’s going to be a bad time to buy — especially when mortgage interest rates are expected to stay low throughout next year.
“During an uncertain market, there can be some beneficial opportunities for buyers if you find yourself in a position where you’re ready,” Tracy explained. “Sellers who are on the market in uncertain times are there for a reason — they need to go.”
And whenever sellers are particularly motivated, it creates a window of opportunity for buyers who have prepared and positioned themselves well.
2020 Santa Clarita Real Estate Projections: How To Win In A Volatile Market
“Prepared, secure buyers who sit on the fence just because of uncertainty run the risk of missing out on some really good deals,” Tracy explained. “If you want to capitalize on a volatile market, however, then the payoff is all in the preparation, which is why we’re talking with an expert Santa Clarita mortgage lender like Keith.”
The more educated you are, Tracy explained, the more informed you’ll be when the right opportunity comes along.
“Talking to someone who has the knowledge and skill sets to help you structure your finances for a smart future purchase gives you a huge advantage in the upcoming market,” she said. “Plus, there’s no downside to be being prepared.”
Even if you don’t buy next year, or even two years from now, it pays to prepare yourself by talking to a mortgage lender. That way, when you find an incredible deal on a home, you’ve already taken care of the hardest part of the whole deal — and you’re ready to pull the trigger before another well-prepared buyer sees the window.
“For most people, getting the loan is one of the most stressful parts of the process,” Tracy explained. “You don’t want to be told you can’t have what you want simply because you weren’t prepared.”
Meet Keith Renno | Wintrust Mortgage Lender
Continuously voted a Five Star Mortgage Professional, Santa Clarita Senior Mortgage Lender Keith Renno is in the top 1% of mortgage originators, closing more than $500 million in loans since 2010.
Honesty and integrity, combined with Keith’s tenacity to provide exceptional customer service to business associates and clients, are the keys to his success. With clear communication and professionalism as a foundation, Keith and his team strive to build and maintain long-term relationships with their clients and associates.
Keith and his team are proud to be a part of Wintrust Mortgage, a division of Wintrust Financial Corporation, a multibillion-dollar financial services holding company that offers outstanding products and loan programs at today’s most competitive interest rates.
Click here to learn more about Keith and his team, and talk to him about your 2020 Santa Clarita real estate projections.
Meet the Tracy Team | Your Santa Clarita Realtors
If you’re looking for a top rated realtor in Santa Clarita, look no further than The Tracy Team. No one knows Santa Clarita real estate better than Tracy Hauser and her team of enthusiastic real estate professionals, or as their clients would say, the top real estate agents in SCV. Whether you’re buying or selling, new to the process or a seasoned pro, the Tracy Team will walk you through your SCV real estate transaction with care, professionalism and a healthy dose of fun. Let a top real estate agent in Santa Clarita meet your needs with a smile because we always go the extra mile. We hope you’ll look to The Tracy Team for your Santa Clarita real estate agent, so we can show you what it’s like to work with trusted professionals who truly care about you.