Today is Tuesday 3/19/2013. We have been carefully watching the mortgage interest rates. It is our belief that we are seeing an uptick in inflation. Eventually the Fed will have to raise interest rates to slow inflation down. When we are looking at higher rates in the future those that took advantage on the 3% rates will be singing for joy.
Check out our web site at www.myslohomefinder.com for your San Luis Obispo home search or sales needs.
What's ahead this week: Housing Market Index
The Housing Market Index is down one point this month to 46, now four points short of the 50 mark and indicating that more builders still describe conditions as bad than good.The National Association of Home Builders attributes the weakness to uncertainty over the nation's jobs market as well as a shortage of available lots which is limiting new supply. The NAHB continues to cite stringent credit standards as another factor limiting the market.
Dow is trading at 14,025 +44.57 the 10 yr bond is at 2.00 from 2.01 Yesterday, . Currently mortgages are better for Gov. from Yesterday
Conv. - 3.625%
FHA. - 3.25%
Have a great Tuesday!!!
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