For the first time since May of last year, the national average for mortgage rates has risen above 5%. As the economy continues to improve, it is likely that rates will continue to rise. Those who have been waiting on the sidelines to purchase in the hopes of a better deal if they wait should … More They’re back! 5% mortgages.
According to this Wall Street Journal article, the combination of a modest rise in family income together with the continued decline in home prices has resulted in a marked increase in the affordability of housing. According to Mark Zandi chief economist of Moody’s Analytics, “Based on incomes, this is as affordable as it gets. If … More Housing Affordability Returns to Pre-Bubble Levels
If you are a buyer that has been sitting on the sidelines waiting for the right time to buy a home consider the 5 reasons outlined in this article. There has never been a better time to buy! Read more
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