Mortgage rate have fallen
Mortgage rates have fallen for the last seven consecutive weeks. Analysts stated that the reason for this decline was because there wasn’t as great of an increase in job creation as was expected. Since there is less job creation there is less inflationary pressure on the economy. The article also stated that there would be an increase in mortgage rates in the future, but that it will be at a constant, steady rate. The article also went on to say that this steady increase will keep the real estate business able to still make strong sales in the future. Do any of these factors play into the increase sales in real estate market in Cedar? Cedars homes are selling like hotcakes right now. I guess a lot of Cedar sales have to do with Californians escaping. What do you think?