Online Banking

Username:
Password:
 
 

Branch/ATM Locator

Enter a ZIP code to find the nearest ATM.

Latest News

Whether you’re planning a summer getaway or a holiday trip, it’s always good to start... Read More March 21, 2019
How to Save the Most on Your Disneyland Vacation March 21, 2019

Read More

We are fundraising for the Nevada Veterans Memorial Plaza at all 3 of our branches!... Read More March 21, 2019
NOW is the time to begin booking their Disneyland vacations for this year! Check out... Read More March 20, 2019
A wee bit Irish from St. Patrick’s Day! 🍀 Read More March 20, 2019
We are fundraising at all 3 of our branches this month for the Nevada Veterans... Read More March 18, 2019
You don’t need the luck o’ the Irish to find your pot of gold. Ask... Read More March 17, 2019
Don’t forget to join us tonight at 6 p.m. at the Sparks Crossing branch to... Read More March 14, 2019
Socially responsible investing is also known as sustainable, socially conscious, “green” or ethical investing… it... Read More March 12, 2019
Ever wonder how some dealerships can get away with offering 0% APR? Learn more at... Read More March 11, 2019

Where are mortgage rates headed in 2019?

Happy New Year!

I’m sure the first thing you thought of when that ball dropped was “I wonder what mortgage interest rates will do in 2019” right? Probably not, but in our industry it’s the talk of the town.

We have had a very volatile mortgage rate market in 2018 with interest rates rising throughout the year, with a slight downturn starting in mid- November. Rates ended the year approximately ¾ of a point over the same time last year.

You probably have heard that the Federal Reserve changed its plan for the Federal funds rate hikes in 2019 from three to two. The Federal Funds Rate affects short term financing like Home Equity Credit Lines when banks react to the rate hikes by increasing prime rate. As short term rates rise on home equity debt it may be a good time to look at consolidation into one loan.

As of this writing, most housing authorities are predicting 2019 mortgage rates to rise just above 5% and as high as 5.5%. An increase of .50% in rate is approximately 4 Starbucks a week on our average loan amounts.

If you have questions on where interest rates are presently and what factors affect your interest rate, I’m here to help. If you’ve been considering a refinance or purchase and want to lock in rates below 5% now is the time.


Kathy McAlpine contact info

Share:

Leave a Reply

Your email address will not be published. Required fields are marked *