30-year mortgage money is at 2.88%, down from 3.71% one year ago. 15- year 2.40%, FHA 30 year is 2.28%, Jumbo 3.28%, and 5/1 ARM 2.38%.
Existing-home sales in the south were 2,820,000 for the month of November 2020, down 3.1% from the previous month, and up 25.9% year over year.
New home sales in the South were 513,000 in November 2020, down 1.9% from the previous month and up 30.5% year over year.
Residential construction is also up in the U.S. Housing starts of single-family homes were up 7% in November 2020 from the previous month and up 27.1% year over year.
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