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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.
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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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