Home sales rose 1.3% last month to a seasonally adjusted annual rate of 3.95 million units, the National Association of Realtors said on Thursday. Sales in ...
- U.S. existing home sales rose more than expected in July, reversing four consecutive monthly declines, as improving supply and declining mortgage rates offered hope that activity could rebound in the months ahead.
The average rate on a 30-year fixed-rate mortgage was 6.49% last week, near a 15-month low and more than half a percentage point lower than the same time last year, data from mortgage finance agency Freddie Mac showed. It has eased from a six-month high of 7.22% in early May amid signals from the Federal Reserve that it will deliver a long-awaited interest rate cut in September.
At July's sales pace, it would take 4.0 months to exhaust the current inventory of existing homes. That was up from 3.3 months a year ago. A four-to-seven-month supply is viewed as a healthy balance between supply and demand. Defensive coordinator Clayton White said he’s had a different player try it every day to get a feel for who’s the best at relaying his information.
Mortgage Rates National Association Of Realtors Seasonally Adjusted Annual Rate Interest Rate
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