Mortgage rates hit low of 4.54 percent
NEW YORK (AP) - Mortgage rates dropped to the lowest
level on record for the fifth time in six weeks, making
homebuying and refinancing the most attractive in
decades for those who can get loans. The average rate
for 30-year fixed loans this week was 4.54 percent, down
from 4.56 last week,...
Home prices increase 1.3 pct. in May from April
NEW YORK (AP) - Home prices rose in May for the second
straight month as federal tax incentives pulled more
buyers into the market. The Standard & Poor's/Case-Shiller
20-city home price index released Tuesday posted a 1.3
percent increase in May from April. Nineteen of 20
cities showed price gains...
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