Despite the impressions you might get from the network news, the U.S. economy continues to churn out solid, even encouraging, numbers -- and that's important for anyone interested in real estate. Last week the federal government reported retail sales up by 1.2 percent in the past month, strong growth in new jobs, exports and household incomes. When the economy looks like it's expanding a bit faster than Wall Street expected it to, investors sometimes begin to worry about the "I" word-inflation -- and interest rates tick back up a little. But the fact is: rates this low are great for anyone looking to buy a house. They are nearly at two year lows; and barely half a point higher than their 40 year lows. So maybe it was no surprise that despite the slight rate increase, mortgage applications rose last week rather than fell. In the short of the matter, Low home prices combined with low mortgage rates means potentially excellent buying opportunities!
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