We recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. Continue reading
30 Year Mortgage Rate Moves Higher for Second Week in a Row
WASHINGTON (AP) – March 10, 2016 – Average long-term U.S. mortgage rates rose this week for only the second time this year.
It was the second straight weekly increase for long-term loan rates, which had declined since the start of the year amid global economic anxiety and market turbulence. Rates still remain at historically low levels at the start of the spring home buying season.
REMINDER: SET YOUR CLOCKS AHEAD ONE HOUR SATURDAY NIGHT!!!!!!
Have a great weekend!
- Sunday, March 13th, we “Spring Forward” one hour for Daylight Savings Time (except for our friends in AZ).
- Every hour in the United States, 624 homes will sell and 118 homes will regain positive equity.
- The median home value will also increase each hour in the United States by $1.84.