Ron Meyer is a Wisconsin licensed Sr. Loan Originator NMLS #222688 with GSF Mortgage Corporation NMLS #1018 located at 300 Patriot Dr. Little Chute, WI 54140 We specialize in financing purchases and refinancing home loan mortgages for all of Wisconsin. As a local lender we pride ourselves on offering quality service before and after your closing. Our underwriting is all done in house, allowing us to have quicker than normal processing time of your loan.
Monday, January 23, 2012
December home sales rise 5%
December homes sales continue on the uptrend rising 5% for the month and have risen the past 3 consecutive months.
Lawrence Yun, NAR cheif economist said "The pattern of home sales in recent months demonstrates a market in recovery. Record low mortgage interest rates, job growth and bargain home prices are giving more consumer the confidence they need ot enter the market."
According to Freddie Mac, the national average commitment rate for 30 year conventional fixed rate mortgage fell to another record low of 3.96% in December from 3.99% in November. Back in December of 2010 the rate was 4.71%.
Total housing inventory at the end of December dropped to 2.38 million or 9.2%. Inventory supply is currently at 6.2 months down from 7.2 in November.
With home sales on the rise, inventory supply shrinking and rates trending higher it's a good idea to purchase now versus waiting until spring. Give me a call today to get preapproved to purchase a home today at (920) 213-0428 or apply online at apply online
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