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October home sales reach fastest pace in four months

  Home sales don’t seem to be slowing down as October recorded the fastest pace of sales since June, according to the latest report from the National Association of Realtors (NAR). Total home sales grew to a seasonally adjusted rate of 5.48 million, up 2.0 percent from 5.37 million in September. Sales are at their…

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Mortgage Rates Climb This Week

  Borrowing costs are increasing, but home buyers can still snag an interest rate that is lower than a year ago. “This week’s survey reflects last week’s uptick in long-term interest rates, with the 30-year fixed mortgage rate up 4 basis points to 3.94 percent,” says Len Kiefer, Freddie Mac’s deputy chief economist. “The 30-year…

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Why selling your home over the holidays has its advantages

  It’s no surprise the housing market slows down during the holiday season. Between all the parties, family activities and holiday vacations, many buyers and sellers set their real estate endeavors aside in lieu of other commitments. With that in mind, sellers often ask if they should take their home off the market (or hold…

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