Posted On: Tuesday, January 4, 2011 - 4:29pm | Posted By:
Mortgage rates in 2010 were the lowest in six decades. However,
these ultra-low mortgage rates are vanishing. Rates have been rising
since November 2010, and the rate for 30-year fixed loans has crossed
the 5 percent mark twice in three weeks. Many experts are signaling the
end to the 4 percent mortgage rate era.
Posted On: Tuesday, January 4, 2011 - 4:24pm | Posted By:
Will housing rebound in 2011? It's a question many Americans want answered.
If
you've been following my blog, the housing data for the latter months
of 2010 have been raising optimism. Especially in San Francisco, median
home prices have been showing slight increases; seasonally-adjusted
new- and existing-home sales figures have been improving; and inventory
has been fairly steady, if not shrinking.