Rapidly Improving Housing Market!

Mortgage rates began to move upward last week, only to be pulled back as it appeared that the economy is sputtering once again.We do have one factor that has been consistently positive, a rapidly improving housing market. Will this make a difference in the overall economy? Time will tell.

This week, if the stock market continues to climb, there will be some upward pressure on mortgage rates. But concerns over the economic shape of our trading partners, especially China, will likely keep rate increases in check.

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