Earlier today Total Mortage presented a housing market update. In this weeks newsletter we address what occurred recently in the housing market. In addition to what has already occurred we shed light onto what information is being released in the future.
Some of the key issues addressed in the housing market update are:
- Existing home sales exceeded predictions made by economists
- 17 of the 91 European Union (EU) banks failed stress tests, increasing global concern about the EU
- An overview of what sort of movement mortgage rates and what may have accounted for that movement
- A detailed list of what economic reports should be monitored in the future
In regard to existing homes sales, June home sales beat estimates by almost 200,000 units. The newsletter also mentions briefly that we received better than expected results in regard to initial jobless claims and leading economic indicators.
For more information about what is going on at Total Mortgage and a complete list of our current mortgage rates check us out online or call 877-868-2503.
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