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Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.
For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high.
Case-Shiller Shows Home Price Improvement In 95% Of Cities
Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller’s 20 tracked markets. It’s the second straight month of strong Case-Shiller findings.
New Homes Sales Gain in June, But Gains Are Relative
June’s New Home Sales data is a major improvement over May, but gains are relative. It’s possible that the true “new home market” may be softer than the statistics suggest.
What’s Ahead For Mortgage Rates This Week : July 26, 2010
Mortgage rates rose last week, but only slightly. Rate are still hovering near their lowest levels of all-time.
Existing Home Sales Drop In June But Hint At Higher Price Tier Support
Consistent with most post-home buyer tax credit housing news, Existing Home Sales eased lower last month. The 5 percent drop in sales was expected, but a closer look at the month’s data reveals some interesting trends.

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