"U.S. home sales increased last June and hit their highest level since November 2009, according to Jeanne Smialek's July 21 article for Bloomberg.com News. Smialek observes that at the moment, residential real estate is a crucial factor that spurs the nation's economic growth. This is evident in most parts of the country, even in smaller states like South Carolina. The article indicates that the combined sales of new and existing homes shot up to 5.74 million last month, based on economists' median forecasts as reported in a Bloomberg study. The latest figures also indicate increased manufacturing activity, which is a good indicator of market expansion. Meanwhile, South Carolina mortgage rates have increased as a result of speculations over the Federal Reserve's plans to reduce its bond purchases."
http://south-carolina.churchillmortgage.com/industry-news/take-advantage-of-affordable-south-carolina-mortgage-rates-while-they-last/
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