30 Dec 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – December 30th, 2019

Financial Reports, ,
Last week’s economic reports were limited due to the Christmas holiday. New home sales data was released along with a weekly reading on mortgage rates. Census Bureau: New Home Sales Hit Highest Level Since 1999 Mortgage rates below 4.00 percent propelled the highest number of new homes sold since 1999. 719,000 new homes were sold on a seasonally-adjusted annual basis in November. Analysts expected November sales of new homes to reach 740,000 sales based on October’s original reading of 733,000 sales, but this reading was later revised to 710,000 sales. New home sales reported are based on a narrow range…
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23 Dec 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – December 23rd, 2019

Financial Reports, ,
Last week’s economic reports included readings from the National Association of Home Builders on housing markets; the National Association of Realtors® released data on sales of previously-owned homes and the Commerce Department released readings on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released. NAHB: Builder Confidence Rises in December According to the National Association of Home Builders, builder confidence in housing market conditions rose in December to an index reading of 76 as compared to November’s reading of 71. Any reading over 50 indicates that most home builders surveyed were…
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20 Dec 2019
By RESCO Realty

How Are Mortgage Rates Determined?

Mortgage, ,
When someone is interested in buying a home, there are a number of factors that people need to consider. Some of these include the budget, the size of the home, and the mortgage interest rates.  The mortgage rate is going to play a tremendous role in whether or not someone is going to be able to afford their dream home. For this reason, it is critical for everyone to know how a mortgage rate is determined. There are a number of factors in someone's financial history that are going to impact the mortgage rate the lender offers. The Credit Score…
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