Friday, September 20, 2013

DailyMarkets.com - US Mortgage Rates Drop; Existing Home Sales Jump

DailyMarkets.com - US Mortgage Rates Drop; Existing Home Sales Jump


US Mortgage Rates Drop; Existing Home Sales Jump

Posted: 20 Sep 2013 05:19 AM PDT

This week US mortgage applications increased 11.2% compared to last week while all mortgage rates have decreased. This is a very large increase in home applications, which indicates an improvement of the housing market.

Existing home sales in August reached the highest levels since February 2007 with 28% of home being bought by first-time buyers while investors bought 17% of homes.

Resales in the US reached one of its highest levels in six and a half years during August, as people … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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