Home prices in the United States continue to jump, increasing 12.1% in April 2013 from April 2012. The Standard & Poor’s/Case-Shiller 20-city home price index has shown growth as well, increasing 2.5% from March to April 2013, the largest month-over-month increase since 2000. Low but growing mortgage rates and job growth have helped the housing market expand over the past several months although, experts worry that rising mortgage rates may hinder further growth. David Blitzer, chairman of the index committee said, “home buyers have survived rising mortgage rates in the past often by shifting from fixed rate to adjustable rate loans.” More here
