2020 Mortgage Rates Expected Remain Low

There’s good news for buyers ready to make their home in Coastal Point. Mortgage rates are expected to remain low, meaning you can get a beautiful home for less!


Mortgage agency Freddie Mac January 2020 mortgage rates opened the new year by moving slightly lower. The 30-year fixed-rate average slipped to 3.72 percent. Last year mortgage rates opened at 4.51 percent — a significant year-over-year difference. The 15-year fixed-rate average fell to 3.16 percent this year.


Mortgage rates are predicted to remain steady at 3.6 percent throughout 2020 with rates beginning to trend upward beginning 2021. So, if you are looking to buy, this year is definitely the year.


That’s because as interest rates decrease, affordability often increases. As you look for a new home, you may discover that your 20 percent down payment and a loan at a lower mortgage rate could get you a larger home than you originally anticipated. A home with more bedrooms, extra square footage and plenty of upgrades.


What else can you get when you purchase your new home in Coastal Point? An amazing Bay Area lifestyle perfectly located between Galveston and Houston. You’ll also get fantastic resident-only amenities such as a gorgeous clubhouse, a resort-style pool, trails, parks and more.


What are you waiting for?