McLEAN, Va. Aug. 21, 2009 Average rates on 30-year mortgages slid to the lowest levels since May this week, Freddie Mac said.
The average rate for a 30-year fixed-rate mortgage was 5.12 percent, down from 5.29 percent last week, Freddie Mac said. At this time last year, the average rate for 30-year fixed-rate mortgages [...]

MIAMI Aug. 27, 2009 Real estate agent Dave Gervase recently witnessed an astonishing spectacle: a bidding war for a house in South Florida.
When he showed a home to a client, he discovered that 23 other shoppers had already put in bids. We offered 6 percent over the asking price and lost out, [...]