Real Estate News

30-year mortgage money is at  6.92%, 15- year 6.30%, FHA 30 year is 6.35%, Jumbo  7.05%.

Existing home sales in the South rose by 4.37% from the previous month in February 2025, "Home sales momentum is building. More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%." Source: Mortgage News Daily

Sales of new single-family homes in March 2025 rose 13.65% above the previous month and 23.53% over the previous March. Source: Mortgage News Daily

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 Source: U.S. Census Bureau & Mortage News Daily