Daily Archives: June 2, 2009

“Pending Home Sales” Show an Increase; Housing Affordability Improves

The Pending Home Sales Index, an index based upone properties under contract for sale in April rose almost seven percent to 90.3 from March says the NAR. NAR chief economist Lawrence Yun said, “Buyers are responding to very favorable market … Continue reading

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Mortgage Rates Surge; 30-Year Fixed Rates Peak Near 5.40; GA Rates Lowest

Real Estate powerhouse Zillow.com released the results of its weekly average rates borrowers were quoted on Zillow Mortgage Marketplace today.  The 30-year mortgage escalated last week to 5.25 percent, almost a quarter of a percentage point higher than the prior … Continue reading

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