With Social Media so popular, have your heard of Crowd Funding to purchase a home? I had not heard of it until I sat down to visit with a lender from CMG Financial to add her to my preferred.
|Third quarter GDP numbers showed the economy grew by 3.3%, in line with expectations. This was the quickest pace of growth in 3 years.|
|The likelihood of tax reform being signed into law by the end of the year is increasing. The tax reform is expected to spur economic growth for 2018.|
|The Fed is expected to raise policy rates this month, but that shouldn't have much effect on mortgage rates. Markets have already anticipated the rate hike.|
|New home sales in October unexpectedly rose to the highest level in a decade. Single-family home sales rose 6.2% over September, the highest since October 2007.|
|Home prices rose in September 6.2% over last year and are expected to continue to increase. Prices are rising at the fastest annual rate since June 2014.|
|Pending home sales jumped 3.5% in October. Led by the hurricane stricken South, the growth was more than double what was expected|