Perception vs. Reality: Should buyers worry about rising mortgage rates?

Over the course of the year, mortgage rates hovered mostly in the mid- to low-3 percent range, giving consumers historically strong affordability for several months, even as home prices rose. But in recent weeks, real estate professionals – as well as buyers and sellers – have likely noticed mortgage rates spiking to 4 percent and…

Normal Home Prices Are Stabilizing

  _____________________________________________________________________________________________ RISMEDIA, July 29, 2011—Prices of “normal” homes—those that aren’t foreclosures or short sales—are stabilizing and the numbers of future foreclosures are falling. That “sliver of good news for consumer spending” was included in CoreLogic’s July report on housing and market trends.  In May 2011, the firm’s Home Price Index excluding distressed sales only…