Bigger garages, the "super kitchen," and more strategically placed home offices? Learn which home-design trends will likely catch on in...Read More
In all 50 states, the use of a "nanny cam" to record video inside a home is permitted. But recording audio is an...Read More
Over the past four quarters, all the growth in net household formations has been among renters, according to Freddie Mac's latest report.Read More
By TOM REDDIN — The Charlotte Observer
As we head into the spring home-buying season, the housing market is picking up steam, and mortgage rates are still near historic lows. Many homebuyers are wondering where mortgage rates are heading this year as they consider purchasing a home.
Mortgage rates have ticked up a bit since the historic low recorded in November. According to Freddie Mac, rates in November hit 3.31 percent for a 30-year fixed-rate mortgage with 0.7 points paid at closing. As of Feb. 28, the average rate was 3.51 percent with 0.8 points paid. So rates have gradually risen since November, but are still near record lows and down from 3.90 percent at this time last year.
Let’s take a look at the market forces driving these conditions, and then I’ll give you my forecast on where mortgage ...
Read Full Article...