Most sellers are also buyers. The available inventory in my corner of Northern CA is thin. Houses without updates in 50-60 years are selling for not much discount to updated homes.
Until we control our National debt, it will be hard to return to the mortgage rates that consumers expect. Mortgage yields on 10-year bonds tend to mirror mortgage rates, and high national debt competes for the same dollars, chasing the highest and safest yield, inevitably pushing interest rates higher. Of course, other factors have an influence, yet the amount of debt seems concerning.
Thank You, Mike...
Most sellers are also buyers. The available inventory in my corner of Northern CA is thin. Houses without updates in 50-60 years are selling for not much discount to updated homes.
Until we control our National debt, it will be hard to return to the mortgage rates that consumers expect. Mortgage yields on 10-year bonds tend to mirror mortgage rates, and high national debt competes for the same dollars, chasing the highest and safest yield, inevitably pushing interest rates higher. Of course, other factors have an influence, yet the amount of debt seems concerning.
if you cant make the webinar is there a way to se it recorded
How later? :p