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Mortgage Rates And Prices Take Toll On Sales

Mortgage Rates And Prices Take Toll On Sales

| Oct 22, 2013 | Housing Market

U.S. Mortgage rates and home prices continue to increase causing existing home sales to fall. Existing home sales in September fell from August and experts have suggested that Mortgage rates and rising home prices may play a key role in the decline. According to the National Association of Realtors, existing home sales decreased 1.9% in September averaging 5.29% million. As mortgage rates and prices begin to stabilize, experts expect home sale to improve. More here

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