Economy Indicates Signs of Improvement

If you’re considering investing in real estate, we have a nice inventory of Holden Beach North Carolina real estate we’d love to show you.

Holden Beach North Carolina real estateConditions of the economy indicate signs of improvement, while increasingly favorable mortgage rates are boosting consumer confidence in the housing market. According to Fannie Mae's National Housing Survey for August, 35% of survey participants expect home prices to rise over the next year. This is a substantial  increase from August 2011. Plenty of our Holden Beach North Carolina real estate will be among those homes which make now the wisest time to make that real estate purchase.

The study measured attitudes towards renting vs. buying a home, owning a home, current mortgage rates, the economy and overall personal finances. When questions were posed about mortgage rates, 40% of those replying expect the low rates are too good to last and will rise within the next 12 months. The National Association of Home Builders/First American Improving Market Index reported that a net total of 19 new housing markets have been added to the list. This is a positive sign when it comes to the new home industry.

Over the past few weeks, FHA 30 year fixed mortgage rates have been at 3.125%, FHA 15 year fixed mortgage rates were at 2.625% and FHA 5/1 adjustable mortgage rates were at 2.625%, all remained steady. Jumbo mortgage rates were steady over the past few weeks with jumbo 30 year fixed mortgage rates around 4.250%, 15 year fixed mortgage rates were at 3.125% and 5/1 adjustable mortgage rates were at 2.250%.
 

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