Demand for housing is strong and continues to grow. According to Fannie Mae’s June 2013 Housing Survey, the combination of positive attitudes towards personal finances, improved financial prospects and low interest rates are encouraging many prospective homeowners to buy now.
Although interest rates are still at near historic lows, increases are likely to continue as demand in the housing market heats up. With the economy continuing to improve, the Federal Reserve may begin cutting back on their bond-buying program some time this year, resulting in higher rates.
Now is a great time to consider refinancing or buying a property.
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