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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 26, 2012
Page
5
The National Association of Realtors reports September pending home sales rose to 99.5, up from 99.2 in August but below the two year high of 101.9 in July. Contracts are up 14.5 percent from a year ago, with an index above 100 considered healthy.
Freddie Mac reported the 30 year fixed mortgage at 3.41 percent up from 3.37 percent, with the 15 year at 2.72 percent. Rates have stayed below 4 percent all year, supporting a modest housing recovery and refinancing activity as Fed bond purchases boost borrowing.
The Commerce Department reports September orders for durable goods rose 9.9 percent led by aircraft, but core capital goods and non aircraft orders were flat. Economists say the gain masks soft demand and weaker-than-expected business investment amid slower quarterly growth.
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