HIGHER MORTGAGE RATES AND WHY
July 30th, 2009 categories: Buying, Market Trends, Selling
A frowny face? Much as it hurts me to turn away from our dancing leprechaun, a spike in mortgage rates may slow our housing recovery. Steve Levitt has an excellent article, published today, that describes the reason for the increase in mortgage rates this week. I was all set to go out looking for a new leprechaun after reading Steve Levitt’s article just two days ago–and now I am wondering exactly where we are. I suppose that is what everyone is doing–it appears that we may be going two steps forward and one step back. My feeling is still strong that NOW is the time to buy–mortgage rates even slightly higher are still quite attractive and the supply of homes is still excellent. Let’s look for the leprechaun again soon! And I promise a new one!
Other articles that you might find interesting are: More Good News For Chicago Housing, 7-09, When Is It Time To Buy, 7-09; Old Sayings, True Sayings, 6-09
This entry was posted on Thursday, July 30th, 2009 at 11:58 am and is filed under Buying, Market Trends, Selling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
