Triangle Business Today

Prices, rates low, but buyers wary

Posted September 8, 2011

While many homeowners are taking advantage of historically low mortgage rates, many aren’t able to do so due to negative equity positions and tougher underwriting standards.

So while Treasuries and mortgage rates have been hovering in a tighter range over the past couple of weeks, perhaps we’ll see some new movement after President Obama's speech adds some clarity to the consumer and the trading world.

The question at hand for housing is: Could lower mortgage rates alone really make an impact on housing in today’s market? We’ll have to wait and see.

Housing outlook pessimistic Housing outlook pessimistic


Please with your account to comment on this story. You also will need a Facebook account to comment.

Oldest First
View all

About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.