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.
3 Things That Will Absolutely Kill Your Chances for a Mortgage Approval
Avoid these three mortgage-killing habits while your lender evaluates your loan and you'll quickly find yourself holding the keys to your new home.
What’s Ahead For Mortgage Rates This Week – December 21, 2015
Last week's scheduled economic reports included the NAHB Housing Market Index, Housing Starts, FOMC statement and Fed Chair Janet Yellen's press conference. In addition to weekly reports on jobless claims and mortgage rates, inflation reports were also released.
Video: What Steps Need To Be Taken To Secure A Loan
What Steps Need To Be Taken To Secure A Loan You'll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application. To do so, you'll need the following information.
Federal Reserve Raises Short-Term Interest Rates
After prolonged speculation by economic analysts and news media, the Federal Open Market Committee of the Federal Reserve raised short-term interest rates for the first time in seven years. Committee members voted to raise the target federal funds rate to a range of 0.25 to 0.50 percent from a range of 0.00 to 0.25 percent to be effective December 17.
Buying or Selling a Home This Winter? Keep These Tax Tips in Mind!
With all of the expense that can go into buying or selling your home, it's good to be aware of what you can claim and how a home can benefit you come tax time.
Refinancing This Winter? Follow These 5 Expert Tips to Get the Most from Your Mortgage
Refinancing a mortgage is a great way to take advantage of historically low interest rates or change your payment terms to be more affordable. And with interest rates at historical lows, there's never been a better time to refinance your mortgage.
What’s Ahead For Mortgage Rates This Week – December 14, 2015
Last week's scheduled economic releases included reports on job openings, retail sales and consumer confidence in addition to usual weekly releases on mortgage rates and new jobless claims.
Moving to a New Home? Use These Websites and Apps to Research Potential Neighborhoods
Relocating to a new city? Thinking about moving to a new neighborhood? With the advancement of technology, it's now possible to research new neighborhoods without getting up off the couch. Here are some websites and apps that have proven invaluable with researching new areas.
Yes, It’s True: Mortgage Closing Costs Are Down. Here’s How You Can Take Advantage
When you close on your mortgage, take these three steps and you'll find that you'll pay far less in closing fees than most buyers would.
