|
Please enjoy this quick update on what happened this week in the housing and financial markets.
 |
Rates have moved incrementally to push 2015 highs. Activity in the European bond markets and strong economic news at home are contributing factors. |
|
June's Employment Situation Report shows employment and wage gains. Job and income growth are two factors putting pressure on rates. |
|
Increases in consumer borrowing also point to economic growth. All this positive news suggests a greater likelihood of Fed policy rate increases in 2015. |
|
Optimism carries into the housing market. Fannie Mae reports increases in the number of consumers who believe now is a good time to buy or sell a home. |
|
The first quarter saw lower down payments as a percentage of purchase price. This may indicate more first time buyers are entering the housing market. |
|
Homebuyers are greeting the summer and the threat of rising rates by taking action. Mortgage applications for purchases were up 20% last week. |
After a tiring day of packing boxes for their upcoming move, the newlywed asked her husband to tell her the three words every woman wants to hear.
He leaned in and whispered, "Clear to close."
|
0 comments
Leave a comment
Please log in or register to post a comment