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Housing Hole News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - FOXNEWS - 20100826:23:34:00

of sales of previously owned homes dropped to lowest level in 15 years. new home sales fell to a record low. looking forward, some analysts say they expect a slow climb out of this housing hole, jon. all of this is good news for those in the market to buy because property damage rates hit mother report low. mortgage rates continue to break record lows. average interest rate for 30 year fixed loan fell to 4.36%. the lowest since mortgage giant freddie mac started tracking these numbers about 30 years ago. that and lower housing prices mean good news for home buyers if they can get a loan. that s been a problem for some americans. jon: fed chairman been bernanke is expected to give us his outlook. earlier this month. the fed downgraded outlook forecasting a more moderate economic recovery. since then more reports and signals the recovery is slowing. tomorrow, we ll listen closely to the chairman to see if he

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