Mortgage rates shot up in the last week following remarks from the Federal Reserve that it may be tapering its bond purchases later this year. According to Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage (FRM) rose to 4.46% (0.8 point) for the week ending June 27, an increase from only 3.93% last week…
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Understanding the Market Cycles: Is Now the Time to Buy? Part 1
Is now the time to buy? The answer is yes, but for more reasons than you may think. With news that we are constantly inundated with on a daily basis about the real estate market, how do we decipher fact from fiction? Hype from reality? The fact is much of the information that we receive is delivered…
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