Mortgage Update September 27 2017

“The Mortgage Bankers Association reports that home loan rates edged higher in the latest week though they still remain just above historic lows. In housing news, Pending Home Sales in August fell from July due in part to limited listings and home prices far above incomes, reports the National Association of REALTORS(R). I am recommending carefully floating for those clients who have a lot of time to close. If anything changes, I will get back to you.”

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