Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices – Maggie Rose, Realtor, Presents South West Florida Luxury Homes

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Total existing-home sales, released by the National Association of Realtors, increased 1.9% from October to a seasonally adjusted rate of 5.32 million in November.Despite the monthly rise, sales decreased 7.0% from a year ago in November, the biggest drop since May 2011, indicating the housing market continued to sputter due to the rising mortgage rate and tight inventory.

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The 15-year fixed-rate mortgage also reached a new low at 3.18% down from 3.33% last week and 3.30% a year ago, according to Freddie Mac. While mortgage rates are falling, home prices are rising, and 84% of people surveyed expect prices to go higher, according to the Bankrate’s Financial Security Index.

We provide excellent home financing options, and encourage you to compare our offered loan terms to other mortgage lenders. Springfield, OR – First Time. Home Loans in Pace The S&P case shiller index says home prices rose as the slowest pace in more than six years. Many college students are not planning on paying their student loans in full.

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– Maggie Rose, Realtor, Presents South West Florida Luxury Homes That’s more than Americans owe on auto loans ($1.07 trillion) or credit card debt ($712 billion). rick tole, 24, of Warren, is among those who owe.Florida, Tampa Bay rank high in risk of mortgage fraud Tampa General Hospital in Tampa, FL.

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