Mortgages are still low, but they are starting to go up! I can see inflation slowly by surely going up! If you have kids in college or private school you can really see it. Also just go out and talk to anyone living on social securtity and ask them if they can live on it, like they could 20 years ago. I have an 86 year old friend and he keeps me abreast of the changes he's seen!
See my web site at www.myslohomefinder.com for all your San Luis Obispo home search needs.
The Week Ahead: Limited Data
Lack of homes for sale, especially at the low end, are holding down sales of existing homes which are down 1.0 percent in the December report to an annual rate of 4.94 million which is a bit below Economist consensus. Supply is severely constrained at 4.4 months at the current sales rate vs 4.8 months in November and compared to 6.4 months in December 2011.
Wednesday: No significant Data
Thursday: Jobless Claims, prior 335K, consensus 360K.
Friday: New Home Sales, prior 377K, consensus 388K.
Dow is trading at 13,647-2.82, the 10 yr bond is at 1.85 from 1.85 Friday, . Currently mortgages areslightly worse from Friday
Conv. - 3.5%
FHA. - 3.25%
Notice that rates are creeping up!
Comments(2)