Historical archive
Captured from the previous Refinance News site. Rates, offers and information reflect their original publication dates and may be out of date. Original text and links are retained; interactive features, images and embedded scripts are not included.
View the current weekly rate report →Stay informed of mortgage industry news, mortgage rates and guide line updates at RefinanceNews.com Use our blog to assist with your refinance decision, purchase loan or mortgage related occupation.
Pages
Tuesday, June 21, 2011
Existing Home Sales Drop 3.8%
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.
Take advantage now while you can. Rates are low so homeowners that can qualify may find this an oppertune time to refinance.
Subscribe to:
Post Comments (Atom)
About Me
I'm a licensed mortgage professional that has been helping borrowers for the past 8 years refinance and obtain mortgages for new homes. I enjoy providing helpful mortgage information to people interested in financing their home. Feel free to contact me with any questions about your mortgage situation.
Labels
- Foreclosure (1)
- Modification (1)
- Mortgage News (6)
- Mortgage Tip (1)
- new gfe (3)
- new good faith estimate (3)
- page 3 (1)
- Rate Updates (7)
- Refinance News (7)
- Refinance Tips (2)
- Tax Credit (3)