Wednesday, April 1, 2020
APPLY NOW PURCHASE REFINANCE CONSOLIDATE DEBT HOME EQUITY LOAN
 
Are you losing sleep over unnecessary debt?
Get multiple quotes on debt consolidation right here!
 

November Home Sales Lower than Expected

Mortgage News > November Home Sales Lower than Expected
Date: 12/26/2019    November Home Sales Lower than Expected

Sales of existing U.S. homes fell 1.7% in November to a seasonally adjusted annual rate of 5.35 million units from October, according to the National Association of Realtors, a far bigger percentage than the 0.2% decrease predicted by a Reuters economist poll. A housing supply shortage is to blame for the decline in November sales. However, on a yearly basis, sales are up 2.7%, largely due to a significant drop in mortgage interest rates. The average rate on a 30-year conforming fixed rate mortgage is currently 3.74%; last year at this time it was 4.55%.

back