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• Mortgage rates for Aug. 2009 are at 5.25 percent, down from 6.5 percent the same time last year.
• Affordability remains favorable with the median mortgage payments requiring just 16 percent of the average income.
• Home sales are up 17 percent from July 2009, boosting the median home price for June up 3.6 percent to $181,000.
• Get more stats plus tips for making the most out of the buyers market from mortgage industry expert, Tommy Nelms in August’s This Month in Real Estate.
  
  Watch it now and then send it out to your database!