Mortgage Interest Rates Escalate or Interest Rates Still a Bargain
Even though headlines say interest rates are going up, long-term mortgage rates are only about a percentage point above historic lows. Many investors remember paying 12 percent or more interest and believe today's rates to be a real bargain.
Unemployment Rises or Employment Stable
Some news stories highlighted areas where people were losing their jobs. However, national unemployment rates are lower than any time in the past five years. The country's unemployment rate indicates that Americans are better positioned to make their house payments and will continue to qualify for new mortgages.
Economy Worries or Consumer Shopping Trends
Headlines shouting that the American economy is destroying itself are countered by consumer economic votes. Every dollar spent counts. Consumers cast their votes and spent an unprecedented amount of money on Halloween decorations, candy, and costumes. Consumers without disposable income wouldn't buy candy instead of healthy food for their children. Home improvement spending is also at an all time high. Consumer shopping bolsters America's economy.
What do these headlines mean to investors? Educated investors can still make money buying real estate.