Rates Hold! Do Home Prices Risk Overheating?

Rates Hold! Do Home Prices Risk Overheating?

Fixed-rate mortgages stayed mostly flat this week, remaining near their record lows and continuing to support housing demand and “translating into a pick-up in home prices in most markets,” says Frank Nothaft, Freddie Mac’s chief economist.

Do Home Prices Risk Overheating? The housing recovery is still in its early stages. However, some market watchers warn that home prices could overheat because the pool of existing residences is contracting. They say this year’s house-hunting season may reveal if 2012’s steady price increases can sway enough owners to put their homes up for sale and meet the rising demand. See rates and more on Home prices...