Lower Home Mortgage Rates | Iowa | Nebraska

Lower Home Mortgage Rates : Can You Get One?

Lower Home Mortgage Rates Colorado are not too far from our reach. According to the Commerce Department, homeownership in the United States hit a 17-1/2-year low in the second quarter as Americans continue to shift toward renting, underscoring the lingering effects of the recession on the housing market.  The seasonally adjusted rate slipped to 65.1 percent, the lowest since the fourth quarter of 1995. The rate, which peaked at 69.4 percent in 2004, was 65.2 percent in the first quarter.

In the second quarter, the decline in Lower home Mortgage Rates Denver was concentrated in the 45-54 age group, where it fell four tenths of a point. It rose among people 65 years and older, in line with recent trends. Ownership among people between 55 and 64 years fell 0.3 percentage point in the second quarter.

There were small gains in the 35-44 age cohort.

And that is where opportunity exists.  This group of Lower home Mortgage Rates Iowa has recently been freed up from underwater mortgages as home prices have risen well over 10% in the last 12 months.  Many renters that have decided to rent have done so primarily for two reasons.  First, in some cases it has been less expensive to rent and secondly, they have been worried that once they purchase a home it will decrease in value.  However, the recent trend in increasing lower home mortgage rates Nebraska values have renters considering getting off of the sidelines to take advantage of a market that is on its way up.