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New Haven CT Legal Blog

Tuesday, December 27, 2016

U.S. Home Sales Near 10-Year High

Sales of homes in the U.S. rose in November, reaching their highest level in nearly 10 years. This was the third straight monthly increase in existing home sales, reported by the National Association of Realtors.

Since the November election, the interest rate on a fixed 30-year mortgage has increased to its highest level since October 2014. With mortgage rates expected to continue to rise further after the Federal Reserve raised the overnight interest rate in mid-December. More information about the rate increase and increase in home sales can be found here. If you need help with the closing on the purchase or sale of your home in Connecticut please give me a call.

 





Located in North Haven, the Law Offices of Joseph M. Solimene, LLC, provides quality legal representation to clients in North Haven, Connecticut and surrounding communities, including Cheshire, New Haven, Meriden, Middletown, Wallingford, Branford, Hamden, Waterbury, West Haven, Bridgeport, Bristol, Danbury, Manchester, Norwalk, New Haven County, Hartford County, Middlesex County, Fairfield County and Litchfield County.



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