Pending home sales fell 2.5% in July month-to-month and were 0.3% lower compared with July 2018, according to the National Association of Realtors. This came after two months of sales gains and may be a sign of just how sensitive today's borrowers are to even the smallest moves in mortgage rates.
Pending home sales fell 2.5% in July month-to-month and were 0.3% lower compared with July 2018, according to the National Association of Realtors.
This weaker-than-expected result came after two months of sales gains and may be a sign of just how sensitive today's borrowers are to even the smallest moves in mortgage rates. Home price gains had been moderating through much of the spring, but early indications are that the gains are strengthening again, likely thanks to lower mortgage rates.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Southern California home sales and prices perked up in JulySouthern California home sales rose in July, the first gain in a year, according to real estate firm CoreLogic. Prices were up 1.9%
Read more »
UK car output slumps nearly 11% in July on weak export demandBritish new car production fell by an annual 10.6 percent in July, the 14th cons...
Read more »
16 Summery Cake Recipes for the Fourth of July & BeyondPeach-ricotta cake? Check. Strawberry-streusel cake? S'mores layer cake? Check.
Read more »
People who brought homes in the past 2 years could see 'significant' savings by refinancing nowHome loan rates are down about 1.25% from their 2018 peak, 'which can translate to $2,200 a year in savings on a $250,000 mortgage,' says Mortgage Bankers Association CEO Robert Broeksmit.
Read more »
Southern California home sales and prices perked up in JulySouthern California home sales rose in July, the first gain in a year, according to real estate firm CoreLogic. Prices were up 1.9%
Read more »
South Korea's fertility rate falls to record lowCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Read more »