Mortgage rates are low… but people see them beginning to rise. The fear of higher rates will force potential buyers to make purchases. This surge of sales could allow homebuilders to drastically beat earnings estimates in 2011. Optimism, is beginning to surge among those whom have been waiting, and waiting for a great entry point into the housing market.

Having looked at a mortgage rate chart dating back to the early 1900’s housing is the most affordable it’s ever been.

Tags: first time homebuyer, foreclosures in wake county, Heritage Wake Forest, loan rates, Raleigh Homes, Raleigh Real Estate

This entry was posted on Friday, January 28th, 2011 at 11:31 am and is filed under Raleigh Mortgage Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.