Last weekâs economic news included several housing related reports. Housing markets continue to cool as November reports on existing and new home sales fell below expectations. New Jobless claims were lower than expected by 10,000 claims.
Existing Home Sales Dip to Lowest Level since May
Sales of existing homes dropped to a seasonally-adjusted annual rate of 4.93 million as compared to expectations of a 5.18 million existing homes sold. Projections were based on October’s reading of 5.25 million.
Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make
If you’re a homeowner who is looking to tap in to the home equity that you’ve spent years building you may be interested in a “reverse mortgage” or “home equity conversion mortgage”. Let’s take a closer look at how reverse mortgages work, including how to qualify, what happens to your existing mortgage and what a reverse mortgage might cost.
What’s Ahead For Mortgage Rates This Week – December 22, 2014
Last week’s scheduled economic events were few but informative. Housing related reports included the National Association of Home Builders/Wells Fargo Housing Market Index for December, which stayed close to a nine-year high reading of 59 in September. December’s reading was 57 and fell two points shy of the expected reading of 59.
Don’t Be That Guy or Gal: 3 Easy Ways to Ruin Your Relationship with Your Real Estate Agent
In today’s blog post we’ll share three easy ways that you can ruin the trust and rapport that you’ve built with your real estate agent – and how to avoid doing so.
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