Higher prices driven largely by tight supply are certainly a big reason for the rise, but continued population growth, household formation and ultralow interest rates are also factors.
“Fixed mortgage rates were slightly down as housing starts declined 2.8 percent in October below the upwardly revised September rate,” says Frank Nothaft, vice president and chief economist, Freddie Mac.
“Fixed mortgage rates were slightly down as housing starts declined 2.8 percent in October below the upwardly revised September rate,” says Frank Nothaft, vice president and chief economist, Freddie Mac.
Make a list and check it twice. Jumping into your modern-day sleigh and heading to the mall without an idea of what you want to buy and where you want to buy it is a recipe for overspending.
Make a list and check it twice. Jumping into your modern-day sleigh and heading to the mall without an idea of what you want to buy and where you want to buy it is a recipe for overspending.
Results show that the 30-year fixed-rate mortgage (FRM) averaged 4.37 percent with an average 0.6 point for the week ending March 13, 2014, up from last week when it averaged 4.28 percent.
