S&P says 2Q house prices fell by record amount

Decline around the nation shows no evidence of a recovery anytime soon

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Sand castles
Open House: A look at some properties for sale around the country with an ocean view.

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See today's average mortgage rates across the country.

Loan type	Today	+/-	Last week
30-year fixed	4.99%		4.99%
15-year fixed	4.55%		4.49%
30-year fixed jumbo	5.87%		5.86%
5/1 ARM	4.20%		4.09%
7/1 ARM	4.41%		4.38%

Source: Bankrate.com | View rates in your area

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Loan type	Today	+/-	Last week
$30K HELOC	5.22%		5.20%
$30K home equity loan	8.35%		8.32%
$75K home equity loan	8.24%		8.19%
$50K home equity loan	8.21%		8.16%
$50K HELOC	4.95%		4.93%

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Savings type	Today	+/-	Last week
Money market	1.03%		1.04%
$10K money market	1.11%		1.12%
Six-month CD	1.11%		1.13%
One-year CD	1.58%		1.59%
Five-year CD	2.61%		2.63%

Source: Bankrate.com | View rates in your area

See today's average auto rates across the country.

Loan type	Today	+/-	Last week
48-month new car loan	6.79%		6.81%
36-month used car loan	7.15%		7.21%
36-month new car loan	6.67%		6.69%
60-month new car loan	6.83%		6.85%
72-month new car loan	6.12%		6.26%

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Card type	Fixed	Variable
Standard	13.46%	11.48%
Gold	12.12%	9.90%
Platinum	10.97%	12.21%
All	12.31%	11.68%

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Foreclosure rates by state
Foreclosure rates tend to be highest in four key states. Click to see the progression for every state since 2005.

updated 9:55 a.m. ET Aug. 28, 2007

NEW YORK - U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987, the group said Tuesday.

The decline in home prices around the nation shows no evidence of a market recovery anytime soon.

MacroMarkets LLC Chief Economist Robert Shiller said the declining residential real estate market "shows no signs of slowing down."

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The index tracks the price trends among existing single-family homes across the nation compared with a year earlier .

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Home prices seen falling further before rebound

A separate S&P/Case-Shiller index that covers 20 U.S. cities fell 3.5 percent from a year earlier. A 10-city index fell 4.1 percent from a year earlier.