Mortgage markets worsened last week in back-and-forth trading, pushing conforming mortgage rates higher on the week. Data coming out this week could push rates lower…or higher, depending on the data. Are you prepared to take action?
Tag Archives | NAHB
What’s Ahead For California Mortgage Rates: July 19, 2010
Inland Empire California mortgage rates are artificially low right now so even the slightest jolt could cause them to spike upward. It would be similar to what happened in June 2009 when rates rose 1.125% in just 10 days’ time. Therefore, if you’re shopping for a mortgage and like the rate you’ve been quoted, consider locking in as soon as possible.
Supply Of New Built Homes Just Dropped Off A Cliff
At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. That’s more than double the pace of a year ago.
Home Opportunity Index Ranks 225 Metro Areas For Affordability
With home prices still relatively low and mortgage rates trolling near their all-time best levels, home affordability is extraordinarily high in most U.S. markets.
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