Close
Close
  • Archive
    •     2016
    •     2015
    •     2014
    •     2013
    •     2012
    •     2011

Jessica Harless's Blog

Information on Real Estate

Mortgage Rates Climb


January 21st, 2011


Stronger than expected economic data with a hint of higher inflation was negative for mortgage markets this week. Concerns about the level of demand for US securities from China added to the pressure. As a result, mortgage rates ended the week higher.
First-time buyers purchased 33% of existing home sales. December Housing Starts fell 4% from November, but December Building Permits, a leading indicator, rose 17% to the highest level since March. The performance of the housing market varied in different regions, but to see improvement on the national level is encouraging.

NextHome Realty Center
12810 Telge Road, Cypress, TX 77429   Get Directions
Phone: (281) 213-6200
Fax: (281) 373-2214