The number of U.S. housing markets showing “measurable and sustained growth” has increased by 19 this month, according to the National Association of Homebuilders’ Improving Market Index.
For today’s home buyers and refinancing households, the value of “good credit” has never been higher.
Mortgage rates rose slightly in last week’s holiday-shortened week.
Beginning as soon as next week, new, mandatory mortgage fees will push conforming mortgage rates higher nationwide.
According to the Standard & Poor’s Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker’s 1987 inception.