Judging from the latest figures, it appears that the U.S. housing market is poised for a steady recovery. Bloomberg's Prashant Gopal reported last July 11, 2013 that the average rate for 30-year housing loans has risen to 4.51 percent in mid-July, owing to the possibility of reduced bond purchases from the Federal Reserve. While higher rates equate to more expensive loans, several factors also indicate that a lot more people in Virginia can afford long-term mortgages. This news can be seen as a good sign that the economy as a whole is on the road to recovery. For prospective homeowners in Virginia, applying for better mortgage rates or refinancing their current ones now involves a lot less risk than ever before. Virginia mortgage companies like Churchill Mortgage Corporation can offer borrowers 30-year house loans with smaller monthly payments and longer payment periods.
http://virginia.churchillmortgage.com/industry-news/amid-record-high-rates-for-a-30-year-virginia-mortgage-local-housing-industry-still-poised-for-recovery/
No comments:
Post a Comment