Real Estate News
30-year mortgage money is at 7.39%, 15- year 6.71%, FHA 30 year is 6.82%, Jumbo 7.42%, and 5/1 ARM 7.13%.
Existing-home sales in the South were down 2.35% month to month from June-July, and down 22.07% from one year ago.
New home sales nationwide were up 4.4%% from June to July and were up 31.5% year over year.
Pending home sales in the South were down 1.17% from May to June and lost 13.85%% from one year ago.
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Source: U.S. Census Bureau & Mortage News Daily