California Mortgage & Real Estate Market Update - I've got a secret, shhhhh
By Teresa Tims, Teresa Tims
(TDR Mortgage & Real Estate Group )
Hello Everyone California Mortgage and Real Estate Mortgage rates continue to climb at a rapid pace. They seem to go down very, very slowly but when they increase it seems to be all of a sudden. While we are out of the low 3's and moving into the high 3's and low 4's it's still a remarkably historic time for rates and record affordability. We will one day look back at this time with many "shoulda, woulda, coulda's". Watch the video below for the full story. A summery is as follows. We are in a strong lock position. Many economists feel that because the economy is doing better the Fed's policy of propping up the rates, so to speak, will begin to ease coming into the end of 2013 and 2014. I think rates are going to settle in, in the 4's and perhaps the low 5's, however rates a...
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