I hope all are having a great weekend. How long are we going to have these low interest rates? I don't think for much longer. We are seeing improvements in the job market and the housing market is picking up. Looks to me like we are seeing the first signs of inflation.
See my web site www.myslohomefinder.com for all your real estate needs in San Luis Obispo County.
A Look At The Week Ahead: New home sales
A huge upward revision to November makes for an unexpected and very outsized comparison with December. New home sales in December plunged 7.3 percent to an annual rate of 369,000. November is now revised 22,000 higher for a 9.3 percent monthly surge to 398,000 which is by far the highest rate since the housing stimulus of April 2010. October is even revised upward, by 3,000 to 364,000. New homes are in short supply though December's adjusted number of homes on the market, at 151,000, is up 2,000 from November and up 4,000 from October. The fall in December's sales rate really brought up supply at the current sales rate, from a seven-year low of 4.5 months to 4.9 months which however is still lean.
Dow is trading at 13,855+25.82, the 10 yr bond is at 1.92 from 1.86 Yesterday, . Currently mortgages are worse from Yesterday
Conv. - 3.5%
FHA. - 3.25%
Have a great week!
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