Mortgage markets improved last week for the second consecutive week.
Mortgage markets improved last week for the second consecutive week.
After 4 weeks of increases, mortgage rates finally recede nationwide.
In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7.
As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis.
According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
From a list of 744 eligible towns nationwide, Carmel, Indiana ranked first in CNNMoney’s Top Places To Live 2012.
Eariler this week, the Federal Reserve released the minutes from its 2-day meeting which ended August 1, 2012. Since the release, mortgage rates have dropped.
Home resales climbed 2% last month as the housing market continues its slow, steady recovery.
Mortgage rates are lower this year, and closing costs are, too.
Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010.
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