Mortgage Rates down, applications down

Real Estate Agent with Coldwell Banker

NAR has reported that while the mortgage rates are below 5%, applications fell in May after the tax credit expired.  Pending home sales were up in April as buyers rushed to get contracts done, but we may be in for a slow summer.  Here in Florida we may be further impacted by the oil spill, the flood insurance program that has expired.  Still there are buyers looking to make that purchase, that's the good news!

Comments (1)

Jeff Craig
Hang Me Up Photos - Jamestown, NC
Greensboro Area Real Estate Photography

I hope the oil spill stays well away from Florida.  Just one more thing you don't need to deal with.

Jun 03, 2010 03:51 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?