Last Week in Review: Optimism Hurts Rates
This past week home loan rates ticked up, yet remain just above 3-year lows.
Here are 3 reasons why:
In positive housing news, new construction of single-family homes rose for the fourth consecutive month. This along with low home loan rates for the foreseeable future should help housing and the U.S. economy.
Bottom line: the present opportunity to refinance or purchase a home may never be matched. We are seeing unemployment at 50+ year lows, yet home loan rates at three-year lows -- the best of both worlds. A strong economy AND low rates, truly a Goldilocks situation.
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