Monday, June 17, 2013

Are Mortgage Rates Too Low ?

Are Mortgage Rates Too Low ?
To Threaten the Recovery: The recent rise in mortgage rates is not enough to pose any real threat to the housing recovery, but that’s not to say the increase doesn’t come with any risk, according to a recent analysis from Capital Economics.
 Freddie Mac’s most recent survey showed the 30-year fixed rate is almost back at 4 percent, while the Mortgage Banker Association reported the 30-year was up to 4.15 percent, the highest since March 2012. Foreclosure Sales in West Down in May Likely to Increase in June

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