Home Prices

New Home Sales yesterday were measured at 12% jump from the previous and a nine-year high.  Today, Existing Home Sales show a 3.2% slump, though the price on an existing home is up 5.6% from this time last year.  One thing is still certain: homes sold by a Realtor command a much higher return to the seller than homes sold by the owner.

Fannie Mae reports that the average loan out there being closed right now raised to 3.67% this week from 3.64% the week before. I am offering better rates than that.