What does the Data Show: As mortgage rates decline, Realtor pending home sales increase by 2.5%. The number of contracts signed by realtors in December increased 2.5% over November nationally, reflecting a decline in mortgage rates and the first monthly uptick in pending … [Read more...]
Interest Rates
July 19, 2013 by Leave a Comment
Fed Chairman Ben Bernanke is keeping a close eye on rising mortgage rates' effect on the housing rally and here's why. If you take away one thing from Federal Reserve chairman Ben Bernanke's testimony to Congress Wednesday, it's this: The Fed really, really wants the … [Read more...]
