As you have all heard, interest rates have notably risen in the last few months. Below is a chart to help you understand the impact of rising rates. On May 1, 2013 a buyer could have purchase a home for $500,000 with a 20% down payment at an interest rate of 3.25% on a 30… Read more
Daily Archives: Saturday, June 28, 2014
Five Key Take-Aways on America’s Housing Market
Fannie Mae’s chief economist, Douglas G. Duncan met with the L.A. Times editors and reporters to share his views on where the housing market is headed. Here are five key takeaways: Housing isn’t really going gangbusters. Despite those eye-popping price jumps, housing is not in a bubble or even a boom. Real estate is also… Read more