Lower Mortgage Rate helps the Housing Data

Subscribe to articles about Borrower's Tips

The housing data released this week reflected improvement. With the help of lower mortgage rates; April Existing Home Sales posted the first monthly increase this year, while April New Home Sales increased 7% from upwardly revised March figures. One factor holding back the pace of home sales activity over the last few months has been a lack of inventory, and the news on this front was also positive. Total inventory of existing homes available for sale jumped 17% from March to a 5.9-month supply.

Current mortgage rate (as of 05/24/2014) is the best rate since October 2013.

California Mortgage Rates


Related Articles

December 30, 2011

Employment and Mortgages

Employment is needed to qualify for a loan since you need to pay the investor back somehow How much you...

May 29, 2014

Fixed Rate Mortgage Fall Again

As of today 05-29-2014 Mortgage Rates Fall for a Fifth Week with 30 Year Fixed Mortgage at 4 125 If...

February 10, 2015

How to Save Money

How to Save Money Without Really Trying Some of us don't reach our savings goals because the measures we have...

More Mortgage Articles