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US Home Resales Hit a 3 1/2 year High

U.S. home sales was up in May to the highest level in 3-1/2 years, a sign the housing sector recovery is gathering steam and could give the economy a significant boost this year.

US Home Mortgage Rates Up Slightly

The average rate for a 30-year fixed rate mortgage climbed to 4.01 percent, while the number of applications for purchases dropped by 3 percent, according to the Mortgage Bankers Association (MBA) which publishes the results of a weekly applications survey on Thursday.

John Woo Sells Brentwood Home for $2.7 Million

“Face Off” director John Woo has reportedly sold his home in Brentwood, Los Angeles for $2.7 million. He purchased the home in 2002 for around $995,000. Looks like, he has sold it for a good profit.