26 Sep Violence Erupts in Europe…. Again….
Both home sales and the medium price of homes were reported higher today, bringing welcome news to a beat-down housing market. As home prices begin to move higher, the expectation is that more buyers will step off the fence and purchase while interest rates are low. So far today, stocks are taking a beating and mortgage bonds are setting record levels. Violence has again erupted in Europe as citizens are protesting austerity measures. This further supports the belief that once government funded programs are in place it is difficult to scale back when the money runs dry. With interest rates at historical lows, we will maintain that locking is a prudent choice.