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New Home Prices DECLINE for 2nd Straight Month [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
unlawflcombatnt Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 03:09 PM
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New Home Prices DECLINE for 2nd Straight Month
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NEW HOME PRICES DECLINE

New home prices declined 5.5% to $214,800 during the month of June. New home prices have declined 7.7% over the last 2 months, from April's high of $232,600.

New home prices have declined 0.4% over the last year.

30-year mortgage rates have increased over the last 3 weeks and now stand at 5.73%. In southern California, mortgage rates have been increasing for the past 6 weeks. The link for this is:
http://news.yahoo.com/s/ap/20050727/ap_on_bi_go_ec_fi/economy;_ylt=AgmPxLeg3IiV42f9f.D9OU6yBhIF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

10-year Treasury notes are now at 4.26%. This represents a significant increase from 3.97% on July 3rd of 2005. This is consistent with mortgage rate increases, and suggests this is a continuous, ongoing trend in rising mortgage rates.

unlawflcombatnt
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