Existing home sales rose slightly in November, indicating a stabilization in housing, according to the National Association of REALTORS.
Mortgage interest rates are near historic lows and the most current data shows decelerating price declines, along with a modest reduction in the number of homes on the market.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to 6.21% in November from 6.38% in October! The rate in November of 2006 was 6.24%!--
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