Homeownership Higher In March
Written by Mr. Real Estate
Published April 23, 2004
Published April 23, 2004
The number of households owning their own home increased to 68.6 percent. Reports show that they were 68.5 percent during the fourth quarter of 2003 and 68.3 percent during the third.
Many believe that the wide availability of mortgage money made available, due to record-low rates, contributed to the increase in new home owners. While the cost to borrow money dropped to a record nine-month low in March, rates have gradually increased throughout the month of April and are currently averaged at 5.94 percent for the 30-year fixed.
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- Homeownership Higher In March
- Published: April 23, 2004
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- Section: Culture
- Writer: Mr. Real Estate
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