VOAVideo: Condo Sales Up in US Despite Volatility in Housing Market
Sales of condominiums in the United States are rising, despite ongoing volatility in the nation's housing market. Real estate industry leaders say condo sales rose more than 30 percent over the past year ending in May. And as Steve Mort reports, a surge in purchases in Miami is being led by overseas investors.
International buyers boost sales, many pay in cash
SJMercury: Mortgage rates hit a new record low: 4.56 percent for 30-year fixed loans
The average rate for 30-year fixed loans this week was 4.56 percent, down from 4.57 last week, mortgage company Freddie Mac said Thursday. That's the lowest since Freddie Mac began tracking rates in 1971.
The last time home loan rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.