This week’s financial recap: Mortgage rates remained just above all-time lows this week, as reported by Freddie Mac. The Commerce Department reports that New Home Sales in May jumped nearly 3% from April to an annual rate of 610,000, above the 599,000 expected. If you are thinking about purchasing a new home, please call or email us to get pre-approved. Happy Friday, enjoy the weekend.
Mortgage rates continued to edge lower this week as Bond prices rose and yields declined. Americans filing for first time unemployment benefits fell in the latest week and remain near multi-decade lows as the sector continues to gain strength. CoreLogic reported on Thursday that due to rising home prices, 91,000 residential properties regained equity in the first quarter of 2017.
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If you are thinking about a home purchase or refinance, please check out www.BlueStripeMortgage.com