United States mortgage rates are falling steadily and have reached the lowest level in over a month just after the International Monetary Fund had investors heading for the safety of U.S. government bonds. According to a statement made on Thursday by Freddie Mac (FMCC:US), the average 30-year fixed mortgage rate decreased to 4.12 percent from last week’s 4.19 percent. Additionally, the average … [Read more...]
US Real Estate Recovers as sales of new Homes rose 6.4 percent in April
After witnessing a slump in straight two months, the sales of new homes in the United States have seen a recovery in April. According to the US Department of Commerce, sales of new homes rose 6.4 percent in April at a seasonally adjusted annual rate of 433,000. In March, purchases fell 6.9 percent with an upwardly revised annual pace of 407,000. In February, buying had dropped 4.4 percent … [Read more...]