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Mortgage News For Homeowners
This Weeks Homeowner News:
January 2019 has started with a bang in the mortgage industry as mortgage rates pushed down to levels not seen in nearly a year. While mortgage applications for both purchase and refinance transactions dropped significantly over the holidays they've rebounded back to more normal levels in January. Below is a brief overview of the homeowner news topics recently discussed at koloans.com. 
Home Sales Decline:
The most recent home sales report showed one of the largest moves ever seen despite mortgage rates declining for the same period. Sales declined over 6% however the median sales price increased to $253,600.00. Why was there such a significant decline? According to Lawrence Yun, the National Association of Realtors Chief Economist, there were two important factors that attributed to the decline:
Mortgage rates pushed to very high levels in October Lack of inventory It will be interesting to see the report for January 2019; will sales push higher after the holidays or will the decline in sales continue? With mortgage rates at great levels to start the year hopefully we'll see a bounce back.
What Are The Main Drivers Mortgage Rates:
Is it the Fed? No  The 10y Treasury? No The Federal Government? No Understanding what are the main drivers ... more

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