Sales of new U.S. homes dip in August

A 4% fixed rate on a 30 year mortgage and this, only in Obamaville.

Sales dropped 2.3% last month to an annual rate of 295,000, the lowest level since February, the Commerce Department said Monday. After peaking in 2011 at 316,000 in April, new-home sales have gradually declined...

The average sales price of a new home, meanwhile, sank 8.7% to $246,000, the lowest level since January 2009.