Interest Rate Update
Mortgage rates remained steady this week — again. They finished the week close to where they started.
However, there’s good news for pretty much everyone nationwide — the spring buying season is getting off to a better start than expected! Home sales have gone up 10.4% and prices have gone up 7.8% across the U.S., with the west coast 11.3% up in sales and 8.3% up in prices. It’s a very strong market for both buyers and sellers. Existing home sales came in at 5.19 million versus a 5.03 million estimate, a 6.1% gain for March.
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