Where are the best places for retirees to move to?
According to recent data from U.S. News & World Report, the best options for retirees to move to aren’t in Florida or Arizona. Metro areas in Pennsylvania took seven of the top 10 spots in the recent survey. Pennsylvania scored well for retirees due to its affordable home prices, reasonable cost of living, and a strong healthcare system.
Harrisburg, PA, the state capital, was rated as the top location for seniors with its high-quality healthcare, happiness of its residents, low taxes for retirees, and affordability.
Reading, Lancaster, Scranton, and Allentown rounded out the top five with York, PA coming in 7th, and Pittsburgh at the 10th spot.
How are mortgage rates faring after last week’s cool off?
The national average for a 30-year, fixed-rate mortgage ended Tuesday’s session down 0.02% to 7.46%*.
Weaker than expected economic data from Europe impacted the U.S. bond market, and helped guide the mortgage market to a slightly lower finish. The upcoming bond auction from the U.S. treasury department as well as speeches from Federal Reserve leadership may have an impact on the mortgage market this week.
New housing developments in Washington, MO
The city council in Washington, MO has paved the way for dozens of new homes with three newly approved housing developments. Located outside of St. Louis, the new projects are expected to add over 60 units to the local area. Some will be marketed to older homebuyers, but they won’t be age restricted.
While a timeline wasn’t provided, builders can start applying for permits as soon as today, and grading has already started on some of the locations.
* National average rates accurate as of 11/7/23 from MortgageNewsDaily.com and are not advertised rates from Guaranteed Rate.
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