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.