After a lull during the first quarter of 2020, the housing market set record-breaking growth as home buyers continued to vie for the relatively few homes on the market. Overall inventory in December was down 7% from November, the largest monthly drop since January, and 33.8% from the same time in 2019, according to Zillow.

If you’re on the fence of deciding to rent or buy (or refinance) right now, you may have many questions. Will the market change in 2021? Will home prices drop or increase? Will interest rates rise, decline, or stay the same?

Find out what you can expect when buying or refinancing in the coming year, from AAFMAA Mortgage Services LLC.

More Buying and Refinancing Tips from AMS:

Solutions for Your Military Family:

Life Insurance, Wealth Management, Home Mortgages, Survivor Services, and more. Learn more about AAFMAA.

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