Impact of mortgage rates on housing payments

The average 30 yr mortgage rate jumped to 4.51% for the seven-day period ending on July 10th.  That is an increase from 4.29% a week earlier and 3.98% for the second week in June.  The higher rates increased monthly principle and interest payments by roughly 6.5%....

Mortgage Interest rates heading higher

Rates are slowly drifting upward. They have risen ½ % point since the lows of last fall. People have gotten too used to low rates and don’t get that this is historic and not normal. The federal reserve has been artificially keep in g interest rates low by buying up 10...

Sales up, Prices down

According to the latest Case Schiller index. In ca. we saw the lowest rise in home sales as compared with other parts of the country. Hell no!!! Warren Buffett says along with equities, single-family homes are a very attractive real estate investment right now....