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Office Location 327 North Parkway
Jackson, TN 38305
Phone: (731) 668-1777
Fax: (731) 668-3605
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All Blog Entries by John Orr

There are currently 2 blog entries published by John Orr.

Mortgages Under 5% Are Back In Bloom

Wednesday, May 26th, 2010 at 11:30am. 71 Views, 0 Comments.

Mortgages under 5% are back in bloom

With one of the key measures below the benchmark for the second week in a row, would-be home buyers face the best rates since the spring.

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NEW YORK (CNNMoney.com) -- The possibility of securing a mortgage rate below 5% has greatly improved in recent weeks, in a positive sign for would-be home buyers.

Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row.

Freddie Mac's (FRE, Fortune 500) weekly report said the…


New Home Sales Soar 15% in April

Wednesday, May 26th, 2010 at 11:09am. 89 Views, 0 Comments.

New home sales soar 15% in April

By Hibah Yousuf, staff reporterMay 26, 2010: 11:05 AM ET

NEW YORK (CNNMoney.com) -- New home sales soared in April as homebuyers rushed to claim the tax credit that expired at the end of the month.

New home sales climbed 14.8% to a seasonally adjusted rate of 504,000 last month, up from an upwardly revised 439,000 in March, the Census Bureau reported on Wednesday. Sales year-over-year were up 47.8%. cnnad_createAd("270381","http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220x200_ctr&cnn_money_rollup=quigo¶ms.styles=fs","200","220");

A consensus of economists surveyed by Briefing.com had expected April sales to rise to an annual rate of 425,000.

April was the second straight month of increases. In…


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