San Gabriel Valley Real Estate

From East to West Reeds Are The Best!

Pending Home Sales Reverse Five-Month Decline In September

Pending Home Sales Reverse Five-Month Decline In September

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Study: Pressing Housing Challenges More Apparent in ‘Blue’ Markets

Why Many Good Mortgage Loans Are Not Being Made

This is why California is in the middle of another housing crisis

Gain in U.S. Home Sales More Modest Post Revisions: Economy

How to save for a house in 10 simple steps

What you should know …

 Mortgage interest rates bumped back over 4 percent last week, causing a drop in both mortgage applications to refinance and to purchase a home. Total application volume fell 6.6 percent from the previous week, on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).
 Refinance applications were off 7 percent week-to-week, after soaring in previous weeks, thanks to lower interest rates. That brief drop in mortgage interest rates was a boon largely to wealthier borrowers with big home loans.
 The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.13 percent from 4.10 percent last week, according to the MBA. Some borrowers were still getting loans in the 3 percent range just two weeks ago.

Beyond_the_Headlines_10-30-14

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This entry was posted on November 8, 2014 by and tagged , , , , , .

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Rich & Annie Reed
REALTORS
Long Dragon Realty
CalBRE# 01906230 & 01894384

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626-538-5116

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