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With interest rates for a 30 year Fixed Rate Home Loan dropping to a 2010 yearly low of 4.78%, home sales shot up 6% in April compared to March.  The rush of consumers to take advantage of the $8,000 first time homebuyer tax credit as well as the $6500 move-up buyer credit also played a major role for the increase in sales as well.  Nice April weather in the Midwest also did not hurt home sales in the region.  Numbers for May home sales are due in the coming weeks in what is expected to be a decrease in sales compared to April.  Stay tuned.   

Posted by Bryan Busse on June 2nd, 2010 11:04 AMPost a Comment (0)

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