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Home Purchase Contracts Improve Again
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You're Now Reading:
Home Purchase Contracts Improve Again
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Purchase Contracts Improve Again
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January 8, 2013 (Chris Moore)

Signed contracts for the purchase of existing homes continued to improve for the third consecutive month in November according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

Contract signings increased by 1.7 percent to 106.4 in November from 104.6 in October and were 9.8 percent higher than in November of last year when the Index was at 96.9.

Last month’s gain put the Index at just below April 2010’s levels when home purchasing activity had been artificially inflated by the home buyer tax credit.

Lawrence Yun, chief economist of NAR, stated, “Even with market frictions related to the mortgage process, home contract activity continues to improve. Home sales are recovering now based solely on fundamental demand and favorable affordability conditions.”

Three of the four regions in the Index posted increases in their monthly level of sales contract activity, while one region remained unchanged. Only two of the four regions reported a higher level of contract signings compared to a year ago with one region also reporting that signings had remained unchanged

The Northeast posted the largest increase, climbing 5.2 percent from the previous month while the West followed with a gain of 4.2 percent.

The Midwest edged slightly higher with a 0.1 percent gain from last month while the South remained unchanged from the previous month.

The Northeast and the Midwest reported the largest increase in contract signings compared to November of last year with matching 15.2 percent gains, while the South remained unchanged from last year and the West posted a decline of 3.2 percent..

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

Tags: pending home sales, existing home sales, contract signings

Source:
National Association of Realtors

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Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
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Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
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No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Calculator
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Rates

January 8, 2013 (Chris Moore)

Signed contracts for the purchase of existing homes continued to improve for the third consecutive month in November according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

Contract signings increased by 1.7 percent to 106.4 in November from 104.6 in October and were 9.8 percent higher than in November of last year when the Index was at 96.9.

Last month’s gain put the Index at just below April 2010’s levels when home purchasing activity had been artificially inflated by the home buyer tax credit.

Lawrence Yun, chief economist of NAR, stated, “Even with market frictions related to the mortgage process, home contract activity continues to improve. Home sales are recovering now based solely on fundamental demand and favorable affordability conditions.”

Three of the four regions in the Index posted increases in their monthly level of sales contract activity, while one region remained unchanged. Only two of the four regions reported a higher level of contract signings compared to a year ago with one region also reporting that signings had remained unchanged

The Northeast posted the largest increase, climbing 5.2 percent from the previous month while the West followed with a gain of 4.2 percent.

The Midwest edged slightly higher with a 0.1 percent gain from last month while the South remained unchanged from the previous month.

The Northeast and the Midwest reported the largest increase in contract signings compared to November of last year with matching 15.2 percent gains, while the South remained unchanged from last year and the West posted a decline of 3.2 percent..

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

Tags: pending home sales, existing home sales, contract signings

Source:
National Association of Realtors

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

January 8, 2013 (Chris Moore)

Signed contracts for the purchase of existing homes continued to improve for the third consecutive month in November according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

Contract signings increased by 1.7 percent to 106.4 in November from 104.6 in October and were 9.8 percent higher than in November of last year when the Index was at 96.9.

Last month’s gain put the Index at just below April 2010’s levels when home purchasing activity had been artificially inflated by the home buyer tax credit.

Lawrence Yun, chief economist of NAR, stated, “Even with market frictions related to the mortgage process, home contract activity continues to improve. Home sales are recovering now based solely on fundamental demand and favorable affordability conditions.”

Three of the four regions in the Index posted increases in their monthly level of sales contract activity, while one region remained unchanged. Only two of the four regions reported a higher level of contract signings compared to a year ago with one region also reporting that signings had remained unchanged

The Northeast posted the largest increase, climbing 5.2 percent from the previous month while the West followed with a gain of 4.2 percent.

The Midwest edged slightly higher with a 0.1 percent gain from last month while the South remained unchanged from the previous month.

The Northeast and the Midwest reported the largest increase in contract signings compared to November of last year with matching 15.2 percent gains, while the South remained unchanged from last year and the West posted a decline of 3.2 percent..

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

Tags: pending home sales, existing home sales, contract signings

Source:
National Association of Realtors

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.