It looks like the housing market will get some more help from low interest rates. The Fed started to ease some of the measures that were keeping rates low this spring. Now before rates got a chace to rise much the issues in Europe are bringing back the US's status as a safe haven and cash is flowing back into 10 yr Treasury Bonds which in turn drives lower mortgage rates. The mortgage market is also improving as private investors return offering more different products and better pricing than Fannie Mae. This is good news nationally as it will make sense for more people to buy homes easing the strain on troubled borrowers and their banks along with allowing more room in the budgets of those that refinance.
Needless to say this is good news for
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