Current sales of Single Family homes for February decreased 16.9% from January. The sales volume of current homes was 250,000 new homes a 28 percent drop from a February 2010. February marks an all time record low.

This is not good, but some good news is that national average fixed rate mortgage for a 30-year conventional loan was 4.84 percent in March. This interest rate is down from 5 percent from interest rates on 30-year conventional loan in February.