Good News on the Home Buying Front
Pending Home Sales came in far above forecasts, rising for a third straight month, with home affordability levels the second highest level ever on record. Buyers should be acting while rates are still low and affordability is still high! This report shows that many buyers are indeed acting now.
If you have been sitting on the sidelines, get in the game. Rates have crept up slightly over the past week, but still remain at historic levels. Inventory is clearly starting to absorb, and the incentives are everywhere. From First Time Home Buyer tax credits to Worry Free Mortgage offers there isn’t a reason to wait!
This data provided in part by Barry Habib, CEO Mortgage Market Guide and financial contributor to CNBC, NBC, CNN and Fox News.
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Purchase money loan: The Borrower (homeowner) still has the original loan on the property and did not refinance the original loan since purchasing it. http://www.loanyantra.com
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