Monthly Mortgage Market Trends

December 2018

December Mortgage Trends Insight


Producing Branch Manager

While the headlines are correct saying the market is slowing and housing is softening.. I have a better headline.  One that in the context of the DMAR Market Trends Data released December 5th 2018 is still correct.  That headline is WIN-WIN.

This is a great market, in fact a winning market for both sellers and buyers.  
Sellers have been blessed with strong appreciation since 2012.  Some years double digit appreciation.  So if you are considering selling that home and moving into the home of your dreams or cashing out and optimizing your equity, now is the time.  We are starting to see a seasonal slowdown, a move towards a balanced market.  So as the market shifts (month over month median home prices slowed slightly by 1.25%, average home prices down by 1.64%) now is a great time to sell and take advantage of the equity in your home.  Year to date we have gained 8.68% on average; this is incredible wealth gain for any investment.   Sellers, there are still buyers out there!  In fact, last month 3,964 homes went under contract compared to 3,909 new homes listed.

Buyers… Jerome Powell spoke last week about the turn of the board to a more hawkish stance.  They had been bullish, staying in front of inflation and a recession.  Now they are saying we are tipping into a balanced market.  They want a fed rate of 3%.  Today, the fed rate is 2.25%, with the anticipated rate hike in December; we will be at 2.5%.  So that means that next year, expectations for rate hikes just dropped from four times to two.  This will slow down increasing rates.  As a perspective, the current Freddie Mac average rate is 4.81.  One year ago, it was .91% lower.  That change in rates costs an average borrower 11% more every month in their monthly payment.  Freddie Mac is estimating rates will go up to 5.5% next year.  This in turn will cost a borrower 8% more every month.

With future appreciation opportunities at today’s interest rates and prices, buyers have the opportunity to gain incredible wealth.  This is not the time to sit on the sidelines; but jump in as buyer, seller, or both as we edge into a balanced market.

Watch Current Insight Video

Why The Rueth Team?

The Rueth Team is dedicated to our clients success. It is this driving mission that keeps our team constantly learning and pushing beyond our boundaries. We find the solutions other lenders simply can’t (or won’t). We make a commitment to each borrower, fulfilling it with hard work, constant communication and creative problem solving. When a referral partner gives our name, they are confident knowing they are giving their clients the best chance of a smooth, successful experience.

Learn More


Sponsored by the Nicole Rueth Team

NO OBLIGATION TRAINING: Market Mastery & “Done for You” Marketing tools delivered every 3rd Thursday (occasionally Tues) of the Month so you MAKE MORE MONEY! Nicole Rueth with Fairway Independent Mortgage Corporation, together w/ guest speakers from a range of professional disciplines, will be presenting monthly updates on industry statistics and market news you can use to help educate and motivate your buyers and sellers. Walk away with talking points, slides & information to set yourself up as an industry expert.


Contact Info

303-214-6393   750 W Hampden Ave Suite 500 Englewood, Colorado 80110, United States


Have A Question?