By Stephanie Armour, USA TODAY
Mortgage rates are hitting another record low just as home prices are firming in more parts of the country, two trends that could help boost the economy.
Potential recovery fuel:
•Rates on 30-year fixed loans averaged 4.17%, down from 4.24% a week ago, Freddie Mac reported Thursday. They've been below 5% since early May.
•Median home prices in the third quarter were up from last year's third period in 77 of 155 metro areas, the National Association of Realtors reports. In 2009's third quarter, only 30 areas showed year-over-year growth.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
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