There are reasons why prices rise and fall, and this article is one of the best at explaining the forces behind price fluctuations since WWII. But I think the article missed a couple of very important points, especially as they affect outlook regarding Long Beach and surrounding communities. It all boils down to supply and demand. I'll explain my thinking in a subsequent post.
We begin the week of October 12 with the conforming 30-year fixed rate at 4.875%.
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