Are mortgage rates dampening home sales?

Mortgage and Lending NMLS #371291

According to NAR's most recent housing report, home sales are NOT being dampened by mortgage rates.  In 2013, home sales actually rose to the strongest levels they've been in 7 years.  You can read the full report and find out more about this topic in this week's Realtor Snapshot by clicking the photo below.

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(Note that the information on my Realtor Snapshot page is updated weekly.  Therefore, if the link does not display the correct information you are looking for, please contact me and I will email you the full report.)

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Eric Gausepohl, California Mortgage Banker

2130 Main Street, Suite 110
Huntington Beach, Ca  92648

NMLS #371291

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Comments (2)

David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Prices would have definitely risen sharper had rates stayed low but that could have sparked a different set of problems like the last rapid housing bubble.

Jan 27, 2014 10:01 AM
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

mortgage rates as they rise will only increase sales as it always has People always forget the past in everything we d  

Jan 27, 2014 11:35 AM