http://mortgagenews.blogdrive.com/ Mortgage news Sat, 31 Dec 2005 03:10:01 PST http://www.blogdrive.com Copyright 2005. Investments Companies Family Issues http://mortgagenews.blogdrive.com/archive/2.html Sat, 31 Dec 2005 02:05:30 GMT As the end of the year neared its end and with most people distracted by holiday and family events, mortgage activity was listless and rates were mixed for the week ended December 22 (Freddie Mac) and December 23 (Mortgage Bankers Association.) Happily, for those still hoping to buy or refinance a house in early 2006, rates, while trending upward, are doing so very slowly and during this most recent week most rates were down a bit. According to Freddie Mac's Weekly Primary Mortgage Market Survey, the average rate for a 30-year fixed rate mortgage during the week was 6.26 percent with... (more) http://mortgagenews.blogdrive.com/comments?id=2 http://mortgagenews.blogdrive.com/archive/1.html Sat, 31 Dec 2005 02:00:24 GMT Home sales, at least those of existing homes, fell to a seasonally adjusted annual rate of 6.97 million units in November according to the sales report issued on Thursday by the National Association of Realtors (NAR). This is a 1.7 percent decrease from the 7.09 million units sold in October. Sales were also off 0.1 percent from the 6.98 million level established in November, 2004. David Lereah, NAR's chief economist said that rising interest rates were responsible for decreasing sales, but said that "The current pace of homes sales activity remains historically strong." He noted that... (more) http://mortgagenews.blogdrive.com/comments?id=1