November 17, 2024 8:43 am
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Here’s the real danger to the recovering housing market

interest-rates
Wickipedia

First American explains new construction’s future role in housing

By Kelsey Ramírez | HousingWire

Interest rates continue to increase since the election of President-elect Donald Trump, bringing with them new dangers to the housing market and affordability.

The 30-year fixed rate mortgage increased for the fifth consecutive week and reached a new high for 2016 this week at 4.13%, according to Freddie Mac’s survey.

This increase is already making waves in the housing market. According to Black Knight’s report, the number of potential refinance candidates fell by more than 50% over the last few weeks.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.