Derrick Bulaich locked in a home-loan rate of 4.6 percent last week, prompted by a surge in borrowing costs as investors speculated the Federal Reserve would pull back from bond buying. Bulaich, who said he wishes he’d acted sooner, still plans to complete the purchase today of the four-bedroom Sacramento home because values in the city remain 42 percent below their 2005 peak despite recent gains.
via Housing Seen Shrugging Off Loan Rate Rise as Banks Loosen – Bloomberg.
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