Housing Market Remains Weak

Last week, I reported that mortgage rates have declined to another record low. Unfortunately for the housing market, the resulting uptick in mortgage activity was dominated by refinancings, and there is little evidence that low rates are spurring new borrowers. This is confirmed by the updated S&P Case Shiller Index, which shows that while prices [...]

Source: http://news.mortgagecalculator.org/housing-market-remains-weak/

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