If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!I suppose it works in my favor that I’ve never been a big fan of home ownership. While many consumers (and experts) like to tout the advantages of owning your home as opposed to renting, the numbers in many [...]
Last week, average 30-year mortgage rates jumped 0.35 percentage points to 5.24%. Not coincidentally, that same week the Mortgage Bankers Association’s index of mortgage applications dropped nearly 10%. (This came on the heels of the incredibly-not-surprising news about December’s nearly 11% drop in new housing permits from November. Starts were down 15.5%.)
Apparently 5% is the [...]
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