interest rates

National Snapshot: What’s Ahead for Real Estate

  The U.S. unemployment rate is at a 50-year low, and consumer confidence remains high. In fact, the University of Michigan’s latest Surveys of Consumers found that Americans have their most positive personal finance outlook since 2003.   However, if you follow national news, you’ve probably heard speculation that we could be headed toward a recession. Global trade tensions and a...

Interest Rates and the Cost of Your Home

While most individuals are focused on the fluctuation in current housing prices, many are failing to recognize the large role interest rates play in the monthly, yearly and overall cost of their real estate purchase. Although interest rates have been increasing lately, they are still near historic lows in the United States.   The average 30 year mortgage interest rate had a very slight increase to 4.60...

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