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Good news!
after this news released, dow started to rebounce!
Peg_li ( Date: 25-Sep-2009 22:28) Posted:
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New home sales rise for 5th straight month
August sales inch up by 0.7% to 429,000 from July but are 3.4% lower that August 2008 sales.
| Downpayment: | $ | |
| Interest rate: | % | |
| Yearly property taxes: | $ | |
| Yearly homeowner's insurance: | $ | |
 |
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| Principal and interest: | $ |
| Taxes and insurance: | $ |
| PMI: | $ |
| TOTAL: | $ |
| 30 yr fixed mtg | 5.22% |
| 15 yr fixed mtg | 4.66% |
| 30 yr fixed jumbo mtg | 6.18% |
| 5/1 ARM | 4.27% |
| 5/1 jumbo ARM | 4.75% |
NEW YORK (CNNMoney.com) -- Sales of newly constructed homes rose for the fifth straight month in August, a government report said Wednesday.
New home sales rose 0.7% last month to a seasonally-adjusted annual rate of 429,000 the Commerce Department reported. That was up from a downwardly-revised reading of 426,000 in July.
Sales for the month were down 3.4% from August 2008.
Analysts had expected the rate of new home sales to rise to 440,000, according to a consensus estimate of economists compiled by Briefing.com. 