HomeSmart, Metro Phoenix Real Estate
Charles SantAngelo, MBA
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
Fewer 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
Fewer 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
