Thursday, January 3, 2013
New Year Begins with Mortgage Rates Remaining Low
There is no doubt that the residential housing market gained momentum in 2012. As the New Year begins with mortgage rates remaining low, it is expected that this movement towards recovery will continue to bring improvements that will filter down into other areas of the economy. This past week, data reflected that, even though housing has entered its slow season, this sector is still experiencing gains in both sales and values.
According to the S&P/Case-Shiller Home Price Indices (HPI), home prices - READ ON...