Average U.S. long-term mortgage rates dropped this week to their lowest levels since May.
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Average long-term U.S. mortgage rates edged lower this week, with the key 30-year loan rate remaining under 4 percent.
The National Association of Realtors reports on July sales of existing homes Thursday at 10 a.m. Eastern.
Seven years after the real estate bust in the U.S., many people who lost their homes have rebuilt their credit and are jumping back into the market.
U.S. builders started work on single-family houses last month at the fastest pace since the Great Recession began in late 2007.
Short of cash and unsettled in their careers, young Americans are waiting longer than ever to buy their first homes.
Average U.S. long-term mortgage rates edged up after three straight weeks of declines.