Real Estate News

 Sales of new single-family houses in the United States jumped 7.1 percent from the previous month to a seasonally adjusted annual rate of 713 thousand in August 2019, easily beating market expectations.  New home sales in the South rose 6 percent.

 Existing-home sales this August rose 1.3% from July 2019. August’s sales of existing homes increased by 2.6% from August 2018. August’s existing-home sales reached a 5.49 million seasonally adjusted annual rate. This is the highest sales pace since March of 2018.

The national average rate for 30-year mortgage money is 3.61%, FHA 30-year
is 3.25, 15-year is 3.25%, Jumbo Loans average 3.64% and 5/1 arms are 3.37%. 

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