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Out of some stories you can bank on this morning a boost for homeowners that could help the housing recovery mortgage rates hitting a record -- you didn't think they could go any lower -- they are joining us now with more from the Fox Business Network -- Lawrence and that I aren't Friday well as long as the Fed keeps boosting the market with stimulus interest rates keep going down announced a fifteen year fixed mortgage rate takes out at a new all time low two point 61%.
According to Freddie Mac that gives many homeowners reason to read hands and many would be homebuyers reason to get off the sideline and jump into the housing market.
Record low mortgage rates are fueling this housing recovery that we've been seeing new home sales are up more than 18% over the past year.
And builders are now adding to inventory breaking ground on.
New homes at the fastest pace in about five years the thirty year fixed rate by the way.
I had 3.4 percent to just above its record -- just amazing if you can get the financing if you can get approved rights and it works out the price.
Starting to go up so there's different dynamic now jacket.
But still everything is slow by his -- and rates low but housing prices going up an interesting.
OK Amazon has started out selling books than you could buy you know.
Pocketbooks you could buy housing product and then the Kendall Wright and -- and now they're expanding again yes from tablets essentially to television's Amazon reportedly developing a set top box.
So it would stream live contents from Amazon's library of movies and shows to your television.
Bloomberg reports Amazon is looking to debut this service later this year.
And there's speculation that the price could undercut apple TV which is relatively affordable at 99 dollars but.
We know that that -- Kindle tablets are much Lebanon and I pets who knows how much that's a good idea of the cut in half we'll see.
Get a little bit costing that out thanks so much -- good to -- happy Friday.
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