1 thought on “Mortgages reach highest levels in 2 years

  1. Many analysts are worried that rising mortgage rates will throw cold water on prospects for the improving housing market, but mortgage interest is only one of the factors in the decision to buy.
    The increase in home prices has improved home equity for many who were underwater in their mortgages, providing them with incentive to sell their current homes to buy others. In much of the country, home prices are still off the peaks attained during the housing bubble, and rates, though higher, are still attractive
    Another big factor in the decision to buy a home is consumer confidence in the employment and economic outlook

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