Found 3 blog entries tagged as home prices.

Interest Rate Symbol on Grass Background

Experts predict mortgage rates will stay low for the foreseeable future. 

By Aly J. Yale Senior Contributor Real Estate Forbes.com

Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction will continue well into 2020.

Just yesterday, Freddie Mac reported an average 3.65% rate on 30-year, fixed-rate loans—a whopping 1.06% downslide since just one year ago. Looking at forecasts from the company, as well as from economists at Fannie Mae and the Mortgage Bankers Association, it appears low mortgage rates will persist.

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A Year of Strong Growth
By Patrick M. Barkey, Bureau of Business and Economic Research at the University of Montana

The state of Montana turned in a strong revenue growth performance for the fiscal year 2018, which ended in June of last year. The 13.7 percent increase in general fund revenues over the previous year’s totals was aided by strong growth in the individual income tax, which accounts for more than half of the general fund total. There was also vigorous growth in corporate income taxes and in a wide variety of natural resource and tourism-related revenues.

The Tax Cuts and Jobs Act signed into law by President Donald Trump in December of 2017 appears to have provided a positive shock to Montana businesses and households as lower tax rates and…

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