Home Buyers May Get Helping Hand From Stock Meltdown
Concerns about the Chinese economy has helped push down mortgage
rates to a two-month low, with the 30-year mortgage rate dropping to 3.92
percent in mid-January. Although the Federal Reserve boosted a key short-term
rate in December for the first time in almost 10 years, the rate hike has not
translated into upward pressure on long-term Treasurys or home mortgages.
Meanwhile, improvements in the labor market should boost new construction and
home sales this year, barring any slowdown in the economy related to the issues
in China. With mortgage rates low and an increased supply of homes for sale
putting a damper on home-price gains, experts say conditions should be easier
for home buyers.
From "Home Buyers May Get Helping Hand From Stock Meltdown"
MarketWatch (01/19/16) Bartash, Jeffry
From "Home Buyers May Get Helping Hand From Stock Meltdown"
MarketWatch (01/19/16) Bartash, Jeffry
No comments:
Post a Comment