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Sales of new US homes up 6.4 percent in April; rate of buying still slower than in 2013

Sales of U.S. new homes recovered in April after slumping in the previous two months. But Americans are still buying new homes at a slower pace than they did a year ago.

The Commerce Department says sales of new homes rose 6.4 percent last month to a seasonally adjusted annual rate of 433,000. That compares with a revised annual pace of 407,000 in March, when purchases fell 6.9 percent. Buying had dropped 4.4 percent in February, in part because of snowstorms.

April sales surged in the Midwest and edged up in the South. Home-buying was flat in the West and fell in the Northeast.

New-home sales have declined 4.2 percent over the past 12 months.

The median sales price fell a slight 2.1 percent during the past month to $275,800.

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Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.20% dw 4.27%  
15 Y Fixed Graph 3.27% up 3.21%  
30 Y Fixed Jumbo Graph 4.61% up 4.57%  
5/1 ARM Graph 3.53% up 3.38%  
5/1 Jumbo ARM Graph 3.85% up 3.67%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% up 5.08%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% dw 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.98% -- 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.69% up 0.68%  
5 yr Graph 1.39% -- 1.39%