How We Got Here When the great financial recession struck in 2008, it undoubtedly left a bad taste in the mouths of every American. Whether you were seeking a new career opportunity or looking to purchase your first home, the road to accomplishing those goals has been extremely hard for nearly every single one of us. So how did we go from a historic housing market crash to record low mortgage rates? As the old saying goes, time heals all wounds and recent reports suggest that the housing market is beginning to favor the buyer. While last month’s national employment numbers were down, it’s also caused mortgage rates to plummet the past 12 weeks. Low Mortgage Rates – What to Expect Yes, mortgage rates will continue to rise as new jobs are created (according to CNN, the national unemployment rate is currently… Read More
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