HOUSING PARTNERS, INC - TBF

Compared to the first quarter of 2013, new home sales declined by 3 percent and existing home sales declined by 7 percent in the first quarter of 2014. The report lays much of the blame for slowing home sales on rising mortgage interest rates. Since the third quarter of 2013, interest rates have been rising from a low of 3.4 percent. ................
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