Home Sales on Fire as Mortgage Rates Simmer

WASHINGTON (AP) – U.S. home sales jumped 2.5% in May, as lower mortgage rates appeared to help buyers overcome affordability challenges. The National Association of Realtors said Friday that.

Combined with lower interest rates, this should be welcome news for the housing and auto industries. House price appreciation slowed in March according to the Case-Shiller US National Home Price Index.

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Home Sales on Fire as Mortgage Rates Simmer. Hal M. Bundrick, CFP.. new single-family home sales rose 2.2% in May, the fastest pace since February 2008. Tom Woods, chairman of the National.

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