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Standard Pacific Corp. Message Board

  • gregbent gregbent May 23, 2014 11:59 AM Flag

    near the end of a year long consolidation

    Mortgage Rates ran up 100 basis points in the spring on 2013 - coupled with double digit price increases put the breaks on housing. But Mortgage rates just moved from Extraordinary Low to just Low... 4.16% 30 year mortgage rate is near a 7 month low... and still well below the 6.43% average rate during the recent housing boom of 2000-2007.

    Sentiment: Strong Buy