30-Year Mortgages @ 3%?? For the moment, mortgage rates have bottomed, and may be even be climbing a bit. But, broader market forces (as they say) definitely seem to be tugging rates lower this Summer. Brexit Financial Aftermath There is now a stunning $10 billion-plus in negative-yielding government bonds globally (think, Germany, Switzerland, and — surprisingly,...Read More
Lower Rates, Yes, But Higher Prices (& Fewer Choices) First, a caveat: to home Sellers, higher home prices are an unalloyed plus. More money at closing is . . . more money (Realtors paid commissions like it, too). And lower interest rates are catnip to Buyers — at least ones financing their purchase. But at what...Read More
