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