Home sales, on a seasonally adjusted basis, were at a rate of 841,000 units. Compare that to October's revised estimate of 945,000 units. Even with three consecutive monthly losses, year-over-year new home sales are up 20.8%.
Bookmark this page for mortgage rates:
30-year (FRM) rates at 2.79% (-0.01%)
15-year (FRM) rates at 2.33% (-0.01%)
FHA 30-year Fixed rates at 2.25% (0.00%)
Jumbo 30-year Fixed rates at 3.12% (-0.02%)
5/1 ARM rates at 2.28% (-0.01%)
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RBS Citizens
Clifton Park, NY