Mortgage calculators can help you shop for a home or refinance an existing mortgage. Many calculators, however, leave out critical information that should affect your decision. Here are 5 traps to avoid when using a mortgage calculator.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales fell more than expected in December as the supply of houses on the market dropped to levels last seen in 1999, which could have limited choice for buyers. The National Association of Realtors said on Tuesday existing home sales decreased 2.8 percent to a seasonally adjusted annual rate of 5.49 million units. November's sales pace was revised up to 5.65 million units, which was the highest since February 2007, from the previously reported 5.61 million units.