Last week’s economic news included a number of housing related reports. According to the National Association of REALTORS, pending home sales dropped by 1.10 percent in June. The S P Case-Shiller Home Price Index reports for May noted that home prices are growing at a slower rate of 9.30 percent year-over-year than April's year-over-year growth rate of 10.80 percent.
As prices continue to rise across the board with everything from food to gas, it's no wonder that real estate prices are high in many cities across the USA.
Most people don't know whether or not a single missed mortgage payment can have serious consequences for their credit score.
According to the National Association of REALTORS, existing home sales surpassed both May sales and expectations for June.
A 15-year fixed mortgage is, as its name suggests, a mortgage that's paid off after 15 years. Since it amortizes fully, after that amount of time you won't have to pay anything else. This type of mortgage has a lot of benefits, and in this article we'll share just a few of them.