Mortgage Rates

Mortgage Rates Fall as Fed Continues Buying

The Federal Reserve Bank’s decision to keep buying bonds had a predictable effect on mortgage rates that fell to their lowest level in nine weeks.

For full article see: http://www.bizjournals.com/phoenix/morning_call/2013/09/mortgage-rates-fall-as-fed-continues.html?iana=ind_rre

Pending Sales of US Homes Slip But Remain Solid

pending home salesFewer Americans signed contracts to buy U.S. homes in July, but the level stayed close to a 6 ½-year high. The modest decline suggests higher mortgage rates have yet to slow sales sharply. The National Association of Realtors says its seasonally adjusted index for pending home sales declined 1.3 percent to 109.5. That’s close to May’s reading of 111.3, the highest since December 2006

For full article see: http://www.azcentral.com/business/realestate/free/20130828pending-sales-us-homes-slip-remain-solid.html

US Pending Home Sales Fall For 3rd Straight Month

pending home salesFewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter some buyers.

For full article see: http://www.azcentral.com/business/realestate/free/20130926us-pending-home-sales-fall-rd-straight-month.html