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Uncategorized • November 22, 2016
Why Are Mortgage Interest Rates Increasing?
by Sue Lunsford
Uncategorized The Housing Market will “SPRING” forward this year! Just like our clocks last weekend, the housing market will soon “spring forward!” Similar to tension in spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right. Buyer demand has seasonality to […]
Uncategorized Home prices are leveling off. Long term, that is a good thing for the housing market No Worries… Home Prices Coming in for a SOFT Landing! Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in […]
Uncategorized Interest Rates Hit New 12 Month Low! According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, […]