pending home sales Archives - Virginia Business

US pending home sales hit nearly 3-year high

Dec 29 (Reuters) – Contracts to purchase previously owned U.S. homes unexpectedly shot to the highest in nearly three years in November, as improving affordability conditions drew in buyers, the National Association of Realtors said on Monday. Pending home sales rose 3.3% last month after an upwardly revised 2.4% gain in October, the NAR said. […]

30-year US mortgage rate falls to 6.3% lowest in a year

The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in about a year. The average long-term mortgage rate slipped to 6.3% from 6.34% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.32%. The modest drop brings the average rate back to […]