DianaWing75
October 13th, 2008, 03:02 AM
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Fixed rates on mortgages may go up a little and then stabilize. Then they should head up a little more. No one can guarantee economic or interest rate predictions, of course. Sales of existing homes in the USA went down by 1.01% last month, to 4.89 million homes. That's well below last April (2007), by -17.54%. Nationally, the median average sales price fell compared to last year, down nationally by -8.0%. The new median average sales price of a home was $202,300. The Midwest showed the smallest decline of -2.93%, followed by reductions of value by -5.06% in the South, -7.75% in the Northeast, and -16.73% in the West. :boat:
Fixed rates on mortgages may go up a little and then stabilize. Then they should head up a little more. No one can guarantee economic or interest rate predictions, of course. Sales of existing homes in the USA went down by 1.01% last month, to 4.89 million homes. That's well below last April (2007), by -17.54%. Nationally, the median average sales price fell compared to last year, down nationally by -8.0%. The new median average sales price of a home was $202,300. The Midwest showed the smallest decline of -2.93%, followed by reductions of value by -5.06% in the South, -7.75% in the Northeast, and -16.73% in the West. :boat: