Bellevue / Seattle Real Estate Mortgage Rate Watch: WATCH today’s VIDEO for great information!!! If you are SELLING your home or if you are BUYING a home, this is a must VIEW!
Existing Home Sales for November came in at 4.68M, BETTER than expectations, OVER 4.43M in October. Better news on inventory of unsold homes declined to a 9.5 month supply, again, DOWN from October’s 10.5 month supply. Sidelined buyers are coming back into the market as home prices may have bottomed but more important is the sudden rise in mortgage RATES.