Mortgage Rates Rise


Existing Home Sales Decline As Rates Rise.

"The overall drop in sales of previously owned homes comes as mortgage rates rose. The average rate on 30-year mortgages in July was 5.70 percent, up from 5.58 percent in June. Even with the increase, though, mortgage rates are still considered low by historical standards."

Yahoo News

posted by author @ 11:49 AM,

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    Is there a Housing Bubble? Is Real Estate still a safe investment?
    I don't have these answers, but I do have a whole lot of evidence that realtors are resorting to 'unusual' tactics to drum up business.

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