The Journal News reports that a recently released realtor survey shows that older adults are planning housing moves for their “golden” years.
Read The Journal News article: Baby boomers ignite the housing market.
It turns out that “57 percent of boomers plan to move out of their current home and 70 percent believe the house they retire in will be the best home in which they have ever lived,” says Better Homes and Gardens Real Estate.
Mortgage Rates Expected to Rise in 2014 and 12015
As reported from several sources lately, mortgage rates are expected to rise in 2014 and 2015. As the housing market continues to improve, mortgage rates are expected to rise.
If you are thinking about purchasing a home or refinancing while interest rates remain historically low, please contact us. We would appreciate an opportunity to help you meet your mortgage needs.