June new home sales rise 11 percent!
And the stories go on and on. I usually write and wax politic over at Porter County Indiana Politics, but today a little bit here on our Northwest Indiana mortgages site.
If the housing market is finally coming back this means two things to you the coonsumer:
- Prices have gone as low as they will go. Inventories are reducing, meaning less supply, meaning less of a buyers market.
- Interest rates in the 5's are almost over. If you are waiting around for 4% rates, I'm afraid you may have to wait another 50 years. The government is borrowing so much money that investors are wanting higher rates for the debt, pushing all interest rates higher.
Steve Dalton
219-762-7200
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