The Wallingford housing market took a downward turn in November, with the fewest number of homes selling in the past 6 months. They also took an average 32% longer to sell at 75 days, the longest since June. It seems that most buyers were leery of the economic situation and were waiting to see what …
Mortgage rates fell another quarter point this week (with the notable exception of CHFA & FHA rates, which remained at 5.875% and 5.5%, respectively), possible on their way down to the 4.5% figure that’s been bandied about in the financial news lately. This may or not happen, depending on who you talk to, but even …
Mortgage rates stayed the same this week, but there wasn’t much choice. If the Fed raises rates, economic growth will be retarded, good mortgages will be hard to find, businesses won’t be able to borrow funds needed to carry on daily operations, and a long, painful recession could rear its ugly head. On the flip …