Positive economic news proved again to be bad news for mortgage rates which climbed this week by another .2% - July Housing Starts rose 6% from June - Home Builder confidence rose to the highest level in eight years - Core CPI inflation was 1.7% higher than one year ago - Jobless Claims declined to the lowest level since October 2007 Even so, mortgage rates remain low and housing affordability still high... The bottom has passed and the cost to own is slowly creeping up. Take advantage of today’s market now.
Posted on: Fri, 16 Aug 2013 17:40:41 +0000
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