26 March 2014
When determining the state of the market, briefing “Bubble Fears Overblown” focused on real estate prices and mortgage costs. It also touched upon the question of lending rules and their influence on avoiding the similar downturn to the one seen in the U.S.
In addition to it, the report says an improving economy is expected to support the housing market in the nearest future.
And although Mr. While admits certain markets may face modest price corrections, he also argues mortgage rate hikes, population growth and employment increase will offset the effect of small price declines. The housing correction is expected to be moderate and gradual.
In the wake of a sprint market we are getting lower mortgage rates from different lender almost every day. For example, the lowest 5 year fixed as of now is 2.84% (some terms and conditions apply).