Your credit score determines the interest rate you pay for a credit card, car loan, private student loan, or a home mortgage. A low score could prevent you from getting a loan at all. But for years, this important number has been a mystery to most consumers.
The Charlotte Multiple Listing Service has recently updated and added the monthly statistics for June 2011. Click on the title to go to the Stats and Trends page to view…
Most Americans still believe that owning a home is a solid financial decision, and a majority of renters aspire to home ownership as a long-term goal. According to the 2011 National Housing Pulse Survey from the NATIONAL ASSOCIATION OF REALTORS®, 72% of renters surveyed said owning a home is a top priority for their future, up from 63% in 2010.
Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the NATIONAL ASSOCIATION OF REALTORS®.
There’s no doubt that current news trends are affecting all markets and the direction in which they are moving. This is true for mortgage rates as well. Freerateupdate.com’s daily survey of wholesale and direct lenders show that low mortgage rates are holding on to the current lows despite the mixed headlines regarding economic conditions both here and abroad.