Home prices continue to be the talk of the mortgage industry as it appears more and more would-be buyers are biding their time. The latest Fannie Mae Home Purchase Sentiment Index showed that 66% of those surveyed said now is a bad time to buy a home because of rising home prices.
Those rising prices were initially offset by historically low interest rates which we are still seeing today. This week’s Freddie Mac average for a 30-year fixed-rate mortgage came in at 2.87%.
from Movement Mortgage Blog https://ift.tt/3m1VW44
via Naza Finance Blog
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