The American Dream is still in sight, with Freddie Mac National Mortgage Survey showing loan rates dipping again this week as reported on July 22, 2021.
Mortgage Rates Trend Down
July 22, 2021
Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth. While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit. Unfortunately, many homebuyers are unable to take advantage of low rates due to low inventory and high prices.
Primary Mortgage Market Survey®
U.S. weekly averages as of 07/22/2021
America is great in so many ways. Anyone can become President, Inventor, Athlete, Astronaunt, Doctor and accomplish their dreams of doing. However there is another dream of family and raising the next generation.
If you had to take the most common characteristic of an American, what would that be?
A Homeowner! The American Dream
That is right! A homeowner or the desire to be one someday is the American Dream. RISMEDIA reports that 67% of Americans live in owner occupied homes.
Home Sweet Home! The American Dream (Photo Pixabay) and you can paint any color you want!
The dream to do so is even greater. The front porch, the picket fence, the backyard cookout, Christmas mornings, marking the children's height on the walls, playing catch in the back yard.
Americans feel it is a goal to strive for. A place of belonging of family. A place to return to. A "Home" that they own.
The American Dream to own a home
Home Ownership is Good for America
Not only is home ownership an important "value" in America it is a significant contributor in our economy. RISMEDIA also reports that "housing is a key driver of our economy, accounting for 15% of our Gross Domestic Product in general. Research shows that for every home purchased, $60,000 is pumped into the economy for furniture, home improvements and related items. Plus homeowners pay 80-90% of individual federal income taxes, contributing to federal programs that benefit all Americans."
Home ownership is what America is all about (Photo Michelle Bryant- Pixabay)
Weltanschauung- Belief that Home Ownership is a positve force for the social good
At Active rain, and one of our guiding principles of " Weltanschauung" we believe that home ownership is a positive force for social good. ActiveRain is committed to empowering real estate professionals so they can help people achieve the dream of home ownership.
Baseball and Life...Object is to "Go Home"
Owning a home is good for us and for America. Baseball, hot dogs, apple pie and going "Home".
Dream Home in Arizona
Are you thinking of moving to Scottsdale or the great desert southwest? If so, check out homes for sale in Scottsdale
Meet Jeff Masich, Associate Broker, REALTOR® to purchase your Arizona Dream Home
Jeffrey Masich with the Arizona Homes and Land Group would be pleased to meet and represent you as a Buyer or Seller in Scottsdale, Paradise Valley and the Phoenix metro area.