Austin’s Market

 

Pending home sales jumped again. They were up by 3.2 percent for the month of July, according to the National Association of Realtors. That's the sixth straight month of increases. The pending sales index is now at its highest level since June of 2007, and is 12 percent above a year ago.REALTY TIMES

Austin added 18,000 new residents from July 2006 to July 2007, making it the eighth fastest growing city in the nation during that period. New data from the U.S. Census Bureau

Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged at 4.7%.

There was more good news on the mortgage front with average rates on thirty year fixed rate loans declining to just below 4.7 percent this week, according to the Mortgage Bankers association's national survey. Fifteen year rates averaged four point six for the week.

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