Wall Street Journal Quotes Guaranteed Rate VP
An article in The Wall Street Journal discussing housing market conditions quoted Guaranteed Rate vice president of mortgage lending John Wheaton. The article noted some previously-hot housing markets have cooled down over the past year, causing buyers to be faced with rising mortgage rates and higher home prices.
"There's been a great deal of sticker shock," said John Wheaton, vice president of mortgage lending at Guaranteed Rate in Costa Mesa, Calif. In Southern California, Mr. Wheaton said, "we're seeing more price reductions than we are price increases."
To view the full article, please go to WSJ.com here. (NOTE: subscription required).