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October Pending Home Sales Down 0.6%

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MORTGAGE INTEREST RATE LOCK ADVISORY
November 26, 2013  8:00 AM PST 

  

LOCK ADVISORY

7 Day Mortgage Interest Rate lock or Float Advice: LOCK

The cost for a 3.50% rate based on Mortgage Backed Securities is down 0.09 point

  

30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK 

 

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REAL ESTATE & MORTGAGE NEWS

October Pending Home Sales Down 0.6%  
By: Tory Barringer - Pending home sales slipped a bit further in October, reflecting an overall declining trend amid mixed regional numbers.

The National Association of Realtors' (NAR) Pending Home Sales Index (PHSI), a forward-looking sales indicator based on contract signings, was 102.1 in October, a drop of 0.6 percent from September's revised level of 102.7. It was the fifth consecutive monthly decline.

Compared to October 2012, the PHSI was down 1.6 percent, NAR reported. >>Read More