Homeowners Can Still Refinance At Low Rates

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The National Association of Realtors reported today that in November, existing homes sales for both single-family and condos declined.Single-family, townhomes, condominiums and co-ops, which represent "total existing home sales," were down 1.7 percent to a seasonally adjusted annual rate of 6.97 million units. Overall housing also declined slightly in comparison to the previous year, with sales for November 2005 coming in 0.1 percent below the November 2004 level of 6.84 million units."Despite this modest decline, housing is still strong," said Bill Emerson, CEO, Quicken Loans. "Home buyers and homeowners still have an advantage when looking to buy a home, sell a home or refinance. While 2006 won't break 2005 records, home sales activity will remain strong as interest rates remain low and the employment picture remains stable."  Mortgage News Home Current Headlines Next Article  Refinancing | Home Loans | Home Equity Loans | My Quicken Loans Login Mortgage News | Mortgage Rates | Mortgage Calculators | Apply Online About Us | Careers | Contact Us | Feedback | Site Map | Help | Search Security and Privacy | Disclosures and Licenses | Terms of Use © 2000 - 2005 Quicken Loans Inc., All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license. Build 3112 2005-12-29 15:06:31

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