KQED Nightly Business Report January 30, 2013
A more normal Housing Market with home prices moving up faster than inflation. To be sure, challenges still remain, including ongoing foreclosures and the accessibility of mortgages. And there is also some concern about the recent rise in Mortgage Rates. The 30yearfixed is currently 3. 42 . Thats up slightly from 3. 31 in november, the lowest rate on record. If rates do edge up more than a quarter and start getting back into the fours and fives, i think its going to cause. Have many negative effects on the economy. Reporter however, if Mortgage Rates only move up slightly, thats likely to brin...