With mortgage rates hovering right at 4% for the sixth consecutive week, homebuyers might start to feel they are invincible from rate increases. However, don’t get too comfortable just yet. Because according to the National Association of Realtors Chief Economist Lawrence Yun, mortgage rates will rise to 5% in 2015...and 6% in 2016. While that … [Read more...]
Archives for December 2014
The New Normal?
When markets are normal, builders build. And that’s exactly what’s been going on lately. According to the California Building Industry Association, new housing starts are up year-to-date with 61,361 new single- and multi-family units. This uptick in building starts signifies a stabilized housing market. But is this as good as it gets? Is this the … [Read more...]