"We like the family-oriented neighborhood."-Home Buyer

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US mortgage rates at, near record lows-Freddie Mac

Mortgage rates dropped in the past week, with fixed-rate loans either reaching or nearing record lows, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.

New home sales show surprising gains

New home sales were up 14.8 percent in April compared with March, according to a report from the Commerce Department. The seasonally adjusted annual rate of 504,000 units was the highest since April 2008.

That follows a 29.8 percent jump in March – the largest increase in 47 years.

Tax credit end not deterring US homebuyers

Home buyer tax credits have been a boon to the U.S. housing market, but their expiration this week is unlikely to deter home purchasing activity as consumers grow more confident, according to a survey released on Wednesday.