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Friday, July 24, 2009

30-Year Mortgage Rates Rise

From Realtor Magazine Online, Daily Real Estate News July 24, 2009

The average rate for a 30-year fixed mortgage this week rose to 5.2 percent from 5.14 percent a week ago, Freddie Mac reports. Industry professionals are keeping a close watch on the rate, hoping it does not climb too high and derail a recovery in the housing sector.

The National Association of REALTORS® confirms that sales of previously occupied residences increased for the third consecutive month in June -- something that has not happened in more than five years.

Source: Boston Globe (07/24/09)
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