All posts by George Duarte

A Quick and Easy Guide to Using an Online Mortgage Calculator

If you’re in the market for a new mortgage, using an online mortgage calculator is a great way to determine what kind of terms you can expect to see and how they’ll affect your home purchase. Here are just a few ways that you can use an online mortgage calculator to learn more about your mortgage needs and find the mortgage that is best for you.

Existing Home Sales Dip More Than Expected

November sales of pre-owned homes dipped lower than expected and prior month’s readings according to the National Association of Realtors (NAR). Analysts expected existing home sales to slow to a seasonally-adjusted annual rate of 5.30 million sales, which was based on October’s reading of 5.32 million sales. Instead, November’s reading dropped to 4.76 million sales. November’s drop represented a decline of 10.50 percent drop in existing home sales month-to-month; existing home sales were 3.80 percent lower year-over-year.

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