The National Association of Realtor said that home sales dipped 3.8% from the prior month. Sales of previously owned U.S. homes fell to a six-month low in May and prices dropped 4.6%. This can be a pretext to a second real estate down turn. This should concern homeowners interestest in refnancing because lenders may be more hesitant lendng money. Also, homeowners are going to find that their equity in their homes are decreasing which may make it more diffcult to qualify with ltv guidelines.
Take advantage now while you can. Rates are low so homeowners that can qualify may find this an oppertune time to refinance.
Tuesday, June 21, 2011
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment