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t highest pace les activit y is a

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an ere likely are m fell through – th ply ran rchase but sim was canceled or Sa attempting to pu les of existing e x credit, sa buyers who wer d t-time buyer ta townhouses an riven by the firs e,” Yun said. D ouses, out of tim the ngle-family h are boosting t in October homes -- si rest rates also e d 10.1 percen w inte -- increase month were th above the Historically lo condominiums rest rates last 23.5 percent age inte s Yun said. r and were market. “Mortg iation of Realtor back to 1971,” from Septembe age National Assoc record dating vel, the national aver third lowest on October 2008 le die Mac, the ov. 23, 2009. ate Fred d Monday, N ntional, fixed-r According to (NAR) reporte 30-year, conve on units te for a from 5.06 of 6.10 milli commitment ra t in October ed annual rate nt in to 4.95 percen revised pace of asonally adjust The se was 6.20 perce mortgage fell a downwardly ber; the rate the highest the er surged from ptem in Octob les activity is at Mac reporter percent in Se week, Freddie in September. Sa on. . Last it 6.55 milli 5.54 million October 2008 2007 when it h percent. ropped to 4.83 since February pace ear rate d d at the 30-y er fell 3.7 was surprise e end of Octob t Lawrence Yun rushing to beat inventory at th chief economis for sale, NAR Total housing yers have been omes available les illion existing h e gain. “Many bu e buyer tax credit that was m size of th at the current sa m percent to 3.57 0-month supply r. e for the first-ti onth, and ts a 7. the deadlin ly in Septembe end of this m which represen 0-month supp expire at the ber,” he om an 8. in Novem w a year scheduled to pace, down fr ay be occurring .9 percent belo rable decline y robust sales m ry totals are 14 similarl e, a measu Unsold invento t year ch a sale spik r and early nex said. “With su embe ago. lowest cipated in Dec mmer.” t is now at the should be anti ng and early su to es on the marke hom surge in spri re getting closer “The supply of before another anded, half years – we’ o-and-a Yun said. ded and exp level in over tw rs and sellers,” has been exten e a contract in at the tax credit ce between buye this low av Now th a general balan inventory was til April 30 to h th lative housing that can be buyers have un e re potential as at a 7.0-mon ent-up demand The last time th when it also w is still a large p r recent y 2007 res. Ou place. “There was in Februar x credit expi before the ta 13 percent of tapped ows that supply. ey further sh tract that consumer surv a previous con time buyers had successful first-

R % IN OCuTOBhE nk U P 10.1 SALES JruaM2007; Inventories Contin e to S yrimore ry TING-HOME
since Feb

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For more information call:

First Last

Mortgage Consultant

XXX-XXX-XXXX
firstl@ephmc.com
www.platinumhomemortgage.com
Information subject to change without notice. All loans subject to credit approval and certain restrictions may apply. Licensed Mortgage Lender: AZ Mortgage Banker’s License BK-0907539 and BKBR-0109861; Licensed by the Dept. of Corp. under the CA Residential Mortgage Lending Act; FL Mortgage Lender; IL Residential Mortgage Licensee MB.0004152; IA Mortgage Lenders License MBK-2008-0111; MD Mortgage Lender; MI Mortgage Lender and Secondary Mortgage Broker and Lender; NV Mortgage Bankers License 3177 & NV Mortgage Broker; NC Mortgage Lender; OR Mortgage Lender; TX Registered Mortgage Banker; VA Mortgage Lender & Broker License #MC-5125, WI Mortgage Banker and Broker. Platinum Home Mortgage Corporation 2200 Hicks Rd., Suite 101, Rolling Meadows, IL 60008 847-797-9500. See our website for additional licensing information. News05 - 11/24/09


				
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posted:11/24/2009
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