Zillow 2019 forecast: Rising mortgage rates will drive resurgence in rents
November 28, 2018 / Ben Lane
Newly released data from the Mortgage Bankers Association shows that 30-year mortgage rates are now firmly above 5%, and according to real estate giant Zillow, things are likely to stay that way in 2019. According to Zillow, the 30-year mortgage will only continue to rise throughout 2019. Zillow is now forecasting that the 30-year mortgage will finish up 2019 around 5.8%. And that’s good news for landlords, who will see increased demand for rentals as some people are priced out of home buying by higher interest rates.