Morning News: Mortgage Rates Continue To Increase, Idaho Gets Money For Medical Home Trial

US new-home sales rise to match 2-year high – “Sales of new homes in the United States rose 3.6 percent in July to match a two-year high reached in May, the latest sign of a steady recovery in the housing market. The Commerce Department said Thursday that new-home sales reached a seasonally adjusted annual rate of 372,000. That’s the same as in May, which was the highest since April 2010.” Associated Press

Mortgage rates inch higher again this week – “Mortgage rates inched higher again this week, according to the latest data released Thursday by Freddie Mac. The 30-year fixed-rate average rose for the fourth week in a row and now stands at 3.66 percent, up from 3.62 percent a week ago but down from 4.22 percent a year ago this week. “ The Washington Post

Idaho Gets $40K For Medical Home Project – “Nine health care-related organizations gave some $40,000 to a state-led effort that Gov. C.L. “Butch” Otter hopes boosts the quality of care and reduces costs, especially for low-income Medicaid recipients.” Associated Press