Tag Archives: Buyers Feel Urgency From Price Appreciation

Home prices are inching higher and mortgage rates are expected to soon follow, and more potential home buyers are weighing whether to jump in now or risk paying more by purchasing a house later, The New York Times reports. Home prices are rising rapidly in some areas, particularly the Sunbelt states. The 30-year fixed-rate mortgage is expected to also move from its 3.5 percent average to above 4 percent some time later this year, some economists say. For buyers who are able to qualify for financing, “getting in a little […]