The homeownership rate rose last year for the first time in 13 years. Rising wages, loosening credit standards and demographic shifts are all creating momentum for owning rather than renting. Fannie Mae made it easier for borrowers to take on more debt in the middle of last year, which coincided with a significant rise in the homeownership rate. Rates for home loans surged on strong economic data, taking the benchmark rate to its highest point so far this year.

Even rising mortgage rates won’t stop homebuyers

Owning Is the New Renting: Homeownership Trends Upward as U.S. Loses Renter Households

Mortgage Rates Roar to a Fresh 2018 High

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307 Canoe Ct. Redwood City, CA

(925) 337-7303
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All information provided is deemed reliable but is not guaranteed and should be independently verified. This website and its affiliates make no representation, warranty or guaranty as to accuracy of any information contained on this website. You should consult your advisors for an independent verification of any properties or legal advice. Jeff Dunaway, Realtor® fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

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