Rise In House Prices And Mortgage Rates Has Eastern Title Busy

Online, July 26, 2013 (Newswire.com) - Eastern Title & Settlement is finding themselves busy with the recent abrupt change in mortgage interest rates.

The recent rise in mortgage interest rates has many people wondering if the housing market will ever see its boom. With industries like building and construction improving, things have been looking up for some time now. Americans are once again taking home-ownership as a real possibility.

The slight increase in mortgage rates over the last number of weeks seems to be driven mainly by the improving economy. When mortgage rates rise for good reason, like improvement in employment rates, it proves positive for the housing market. When Americans feel confident about their jobs and the economy, home buying becomes more attractive.

These rates and changes in the housing market effect both residential and commercial real estate. This can have buyers changing their minds quickly, but with the economy looking better every day these abrupt changes in mortgage interest rates means things are looking up for everybody.

Eastern Title & Settlement is busy. Buyers and sellers have been unsure what to think. As a title service for residential and commercial purchases as well as lot, land, building, and construction, their clients want to know how these rates affect them. Eastern Title & Settlement professionals see no downside to the current rate change and see their business moving ahead.

About Eastern Title & Settlement:
Eastern Title & Settlement provides clients with settlement services and title insurance. They have offices in Maryland, Virginia, and Washington DC.