Why are existing home sales down even with low rates?
Existing-home sales are down despite the rates has been down for more than a couple of weeks now according to National Association of Realtors (NAR), The sentiment was not shared by the refinance increase since the Confidence matter more than the mortgage rates for people to be encouraged to buy new homes. With the short […]
Low mortgage rates increases refinance market
by CNBC, Diana Olick Homeowners rushed to take advantage of a sizable drop in mortgage interest rates last week, but potential buyers were unimpressed. Total mortgage application volume rose 5.3% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 46.5% higher than a year ago, when rates were significantly […]
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Latest News Even with mortgage rates going down, the increase in home has not been seen. Latest Blogs