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Anaheim Home Prices Rise 14%, Biggest Uptick in the Nation

Anaheim Home Prices Rise 14%, Biggest Uptick in the Nation
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Finding The Sweet Spot: Why 5 5% Is The Magic Number For Mortgage Rates

When the Federal Reserve didn't raise interest rates last week, many believed it would help keep mortgage rates steady. But that's not what happened. Instead, rates for a 30-year fixed-rate mortgage increased from 7.31% to 7.31% — their highest level since 2000, according to Freddie Mac. "Unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory," Freddie Mac Chief Economist Sam Khater said. "These headwinds are causing both buyers

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