Low Long-Term Interest Rates Helping Stabilize Housing Market

Mortgage News from Quicken Loans

Sales of U.S. existing homes in September were down 1.9 percent as compared to August, the National Association of Realtors said today. It was the sixth month in a row sales dropped, but also the second straight month inventories of unsold homes fell, showing signs that the housing market is stabilizing.

"We saw a significant drop in long-term interest rates in September, which attracted more buyers and helped stabilize the housing market," says Quicken Loans Chief Economist Bob Walters. "Although these rates have since ticked up some, they remain near the lows for the year, and short-term rates have been less volatile the past three months, giving housing the momentum it needs to have another robust year."

Please note that ReallyGreatRate, Inc. is not a mortgage lender. This is not, and is not intended to be, a mortgage application. Once you have completed this expression of interest (or information request form) your information will be sent to our participating lenders. One or more of our participating lenders will contact you by telephone and / or email. By submitting your expression of interest you are consenting to receive telephone calls from our participating lenders even if you have previously listed yourself on any internal company, state or federal Do-Not-Call List.

Home : About Us : Privacy Policy : Opt-out Service : Terms & Conditions : Lenders

ReallyGreatRate, Inc. 423 South Pacific Coast Highway, Suite 202, Redondo Beach, CA 9027

Low Long-Term Interest Rates Helping Stabilize Housing Market

Why ReallyGreatRate?