The Sac Bee had this article today. Of you didn’t know mortgage rates are moving up. However, they are still CRAZY LOW. Rates moved from about 3.25% to 3.80% which is a pretty big move. When I started selling real estate about 10 years ago rates were in the sixes and sevens! Not to mention a lot of people had two loans.
So, prices and rates are moving up. Rates will likely continue to rise slowly till they get back to the 5% range over then next few years. My expectation is that prices will continue to rise albeit tapering off over the next year. And then – a return to normalcy! Yeah!