Mortgage rates have climbed for the second week in a row, but at 4.37 they havent climbed much. A survey from Fannie Mae show that Americans view of real estate is a safe investment is declining.
There is a long trail of glom and doom in the real estate market forecasts. With two new groups responding to the housing mess it doesnt help the market bounce back like we hope it would. Some are watching on the sidelines waiting for rates to drop even further before they buy and the other group has completely stopped buying altogether.