Check this out:
- Mortgage rates for Aug. 2009 are at 5.25 percent, down from 6.5 percent the same time last year.
- Affordability remains favorable with the median mortgage payments requiring just 16 percent of the average income.
- Home sales are up 17 percent from July 2009, boosting the median home price for June up 3.6 percent to $181,000.
Click here to watch THIS MONTH IN REAL ESTATE:
http://www.youtube.com/watch?v=6O-UFD5q-HI