Outlook for homebuyers and housing supply in 30 year rate era
Economists see a solid year for homebuyers with modest price gains and ample supply. Housing starts fell in December mainly in multi family units, but single family output drop won t derail options for buyers. Mortgage rates likely rise slowly starting in March, though opinions vary on the range from about 9.75 to 11 percent for a 30 year fixed mortgage.
MENTIONED IN THIS ARTICLE
Glenn Crellin
National Association of Realtors
Mark Obrinksky
U.S. League of Savings Institutions
Obrinsky
Allen Sinai
The
Boston Co
Mortgage rates fall to below 10 percent in nine months
The Providence Journal reports 30-year fixed rate mortgages dipping under 10 percent, the lowest in nine months, as lenders attract buyers after the October stock market crash. VA home loans follow, cutting maximum rate to 9.5 percent to align with market trends.
MENTIONED IN THIS ARTICLE
Paul Davis
Providence Journal
Veterans Administration
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