New Home Sales Surge
Sales of new single-family homes in the country increased to their highest level in 13 1/2 years in July as the housing market continues to show strong immunity to the Covid-19 pandemic which has plunged the economy into recession. The U. S. Commerce Department says new homes sales rose 13.9 percent to a seasonally adjusted …
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Real Estate Remains A Bright Spot In The Economy
Real estate remains a bright spot in the economy with mortgage rates dropping to another historic low yesterday–for the eighth time this year. Freddic Mac, the mortgage buyer, reported the 30-year fixed mortgage now stands at 2.88 percent while the 15-year fixed fell to 2.44 percent. These historically low rates have been driving purchase demand …
Mortgage Rates Tumble Below 3 Percent
Mortgage rates in the U.S. tumbled to historic lows in the week ended July 16, according to Freddie Mac. The rate on a 30-year fixed mortgage dropped to 2.98 percent, falling below the 3 percent level for the first time since record-keeping began in 1971. Meanwhile, the 15-year fixed mortgage rate slid to a fresh …
Mortgage Rates Again Fall To Historic Lows
For the third consecutive week 30-year mortgages have fallen to record lows as inflation remains muted in a weakened economy, even in the face of persistent demand from homebuyers. Freddie Mac, mortgage buyer, reported today that the average rate on the key 30-year fixed-rate mortgage declined to 3.03 percent, down from 3.07 percent last week …
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