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Rates Trending Up As Expected
Dated: June 19 2013
Views: 2258
With the housing recovery in full swing and many other economic
indicators pointing in the right direction, it should be no surprise that rates
are trending up. The Fed's hint about easing its future purchases of mortgage
backed bonds sent rates towards 4%. However, we don'tAll of these factors drive the housing market. It is expected that rates should continue to hover near 4% throughout 2013. That should provide some confidence for home buyers to continue their pursuit of homeownership. The bay area real estate activity is proof of this confidence. Pending sales in the following cities shows extreme confidence in the entire East Bay: Pleasant Hill, Alamo, San Ramon, Danville, Dublin, Livermore & Lafayette. Total pending sales: 450+ as of 6/19/2013 - For more information on your city or to view active listings by zip code, please go to www.LiveMLSaccess.com
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