Market Insights: May 2015
HOME SALES
Home sales are up year-over-year. 5.2 million. Seasonally adjusted annual rate
of home sales in the United States is 13.1% since one year ago and 6.1% since last month
HOME PRICE
Home prices have continued to increase year-over-year. $212,100 is the Average home price in the United States and 7.8% since one year ago. 5.1% since last month
Mortgage Rates:
30-Year Fixed - 3.65%
15-Year Fixed - 2.92%
5/1-year ARM - 2.84%
Historical average - 8.90%