The National Association of REALTORS® (NAR) reports that the Pending Home Sales Index fell 4.3 percent in December as compared to the month prior. The index now reads 101.7. The Pending Home Sales Index measures the number of U.S. homes that have gone “into contract”, but have not yet closed. The report is based on …
What’s Ahead For Mortgage Rates This Week : January 28, 2013
Mortgage rates rose last week as investors gained confidence in the global economy. China and Europe posted better-than-expected manufacturing rates, U.S. Jobless Claims fell for the second straight week, and the worst of the European debt crisis appears to have passed. Last week’s economic news provided further evidence of a strengthening U.S. economy. The National …
Improve Your Credit Score To Get Better Mortgage Rates
For home buyers in Nixa and nationwide, credit scores can change low mortgage rates and alter home loan approvals. Borrowers with high credit scores get access to lower mortgage rates (APR), for example and can find the mortgage approval process to be more smooth that borrowers with low credit scores. If your credit score is …
Existing Homes For Sale At Lowest Point In 11 Years
Home sales dropped last month, but not because demand was lacking. There are fewer homes for sale than at any time in the last 11 years. According to the National Association of REALTORS®, Existing Home Sales for December 2012 fell to a seasonally-adjusted, annualized rate of 4.94 million homes from November’s tally of 4.99 million …
Debt Service is a Disservice
It is illogical and foolish to throw away or waste something that you need, which is why many people experience a sinking feeling whenever they are forced to do so. Unfortunately, many have to see their hard-earned money practically disappear without any material benefit to them, thanks to the existence of debt and debt servicing. Borrowing …
