Michael Isaacs

Fairway Independent Mortgage Corporation

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Existing Home Sales Dip More Than Expected

December 23, 2015 by Michael Isaacs

November sales of pre-owned homes dipped lower than expected and prior month's readings according to the National Association of Realtors (NAR). Analysts expected existing home sales to slow to a seasonally-adjusted annual rate of 5.30 million sales, which was based on October's reading of 5.32 million sales. Instead, November's reading dropped to 4.76 million sales. November's drop represented a decline of 10.50 percent drop in existing home sales month-to-month; existing home sales were 3.80 percent lower year-over-year.

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Filed Under: Market Outlook Tagged With: Existing Home Sales, Market Outlook, National Assoication of Realtors

Existing Home Sales Fall More Than Expected

November 24, 2015 by Michael Isaacs

Sales of previously owned homes reached 5.36 million sales on a seasonally adjusted annual basis and fell by 3.40 percent in October according to the National Association of Realtors. Rising home prices and a shortage of available homes strained housing markets. Concerns over potentially higher mortgage rates may have sidelined home buyers as concerns over an anticipated rate hike by the Federal Reserve persisted.

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Filed Under: Market Outlook Tagged With: Lawrence Yun, Market Outlook, National Assoication of Realtors

What’s Ahead For Mortgage Rates This Week – August 17, 2015

August 17, 2015 by Michael Isaacs

Last week's economic reports related to housing were few and far between other than weekly reports on new jobless claims and Freddie Mac's mortgage rates survey.

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Filed Under: Market Outlook Tagged With: Freddie Mac, Jobless Claims, National Assoication of Realtors

What’s Ahead For Mortgage Rates This Week – May 26, 2015

May 26, 2015 by Michael Isaacs

Last week's economic reports included several readings related to housing The Wells Fargo/National Association of Home Builders Housing Market Index, the Commerce Department's releases on Housing Starts and Building Permits, and the NAR report on Existing Home Sales supplied mixed news on recent developments in housing. Freddie Mac and the Labor Department released their usual reports on mortgage rates and weekly jobless claims.

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Filed Under: Market Outlook Tagged With: Freddie Mac, National Association of Home Builders, National Assoication of Realtors, Wells Fargo

Michael Isaacs

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Branch Manager and Mortgage Loan Originator

NMLS #26591 • AZ License #BK-0904162
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Michael.isaacs@fairwaymc.com
4215 Worth Avenue, Suite 220, Columbus, OH 43219
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