“There’s been a seismic shift in renting versus owning. Some 57 percent of adults believe that buying has become less appealing, and by nearly the same percentage (54 percent), a majority believes that renting has become more appealing than it was before, producing a net shift of 60 percent.” – Source: UPI.com
Fannie Mae’s March 2013 National Survey reported that consumer confidence in the housing recovery remains steady despite other fiscal concerns. Though the March employment growth data was mixed, National Association of Home Builders reported that the home building sector added 14,800 jobs. Home building sector is expected to remain a bright spot contributing to economic growth as the recovery continues to gain momentum.
Freddie Mac’s 30-year fixed rate mortgage averaged 3.43% for the week ending April 11, 2003, and the 15-year FRM averaged 2.65%.