New Homes in Houston TX by Long Lake

Increasing Mortgage Rates Squeeze High-End Markets First

According to an analysis prepared by Trulia, compared to renting, buying a house is a better deal in every major US housing market so long as mortgage rates remain below 5.2 percent. Although the increasing interest rates will make homeownership unaffordable for some, the recent increase to over 4 percent isn’t expected to affect the housing activity. Mortgage rates increased …

New Homes in Houston TX by Long Lake

Housing Market Driving Financial Industry Recovery

The US financial sector is off to a strong 2013 after years of under performing.  The continually improving housing market is the driving factor.  However, some of the setbacks in the financial sector are still present beginning with the extremely low interest rates and the lower interest-rate-spread revenue that lenders have accepted.  New regulations create more costs for financial services …