Mortgage Rates Fall Below 4 Percent for the First Time
For the first time in America’s history, the average rate of a 30-year fixed mortgage dropped to just under 4 percent. The rate on 15-year fixed loans also dropped to a record 3.26 percent. These exceptionally low levels provide an excellent opportunity for consumers with previously high interest rates such as rates between five and eight [...]
Nationwide Pending Home Sales Highest in 3-1/2 Years
Pending home sales have spiked nationwide. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in October, rose 3.7 percent over the previous month. The index has risen nine consecutive months, indicating the longest streak of gains since 2001. In fact, the Pending Home Sales Index surged a record [...]
