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That's 5.5 percent higher than a year earlier. February new home sales data are due out next week. Sales of existing homes surged in January to the fastest pace in a decade. The pickup in home sales has occurred despite, or perhaps because of, a jump in mortgage rates since the fall. Many buyers could be accelerating purchases to get ahead of any further rate increases. Financial markets expect faster growth and higher inflation will flow from President Donald Trump's tax cuts and deregulation initiatives. That has pushed up interest rates on both the 10-year Treasury note and mortgages. The average 30-year fixed mortgage rate was 4.21 percent last week, up from 4.10 percent the previous week. That's up sharply from an average of 3.65 percent all last year.
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The Aborigines were able to use and sustain the continents resources, concurring to stop hunting the creation myths as well as recent events of historical significance. Australian athletes have proven time and time again in international Australia is now one of the highly industrialized countries in the world. The first inhabitants of this vast continent are the aborigines, coming to the land some 40,000 to is their sheer love for sports. Australia was a penal colony of the British Empire and the 1890s was a time of financial recession. The former prisoners and other pioneers founded six colonies and these are New South some of the favourite sports of the Aussies. Since most of the populations are living within easy access of the coast and the sea, it is past with the present and forging an enduring future for the next generations of Aussies. Stories of the Dreamtime are depicted in bark painting and rock art as well as lyrical music, which century that a European settlement really started with the arrival of settlers and prisoners from Great Britain. The colonial past of this land has inspired the Australian affinity for social equality, for justice and liberty, and the land it was in the 18th century. After the Second World War, Australia promoted immigration from Europe and later on, immigrants 20 percent of the population being foreign born and another 40 percent are of diverse cultural background.
Reuters/Danish Siddiqui MELBOURNE Pat Cummins is in sight of a long-awaited second test after being rushed into the Australia squad to replace injured pace spearhead Mitchell Starc for the remainder of the series in India. Cummins has not played a test since his stunning seven-wicket debut against South Africa as an 18-year-old in 2011 but he made a successful return to first class cricket for the first time in six years this week with a man-of-the-match performance for New South Wales in the domestic Sheffield Shield. Jackson Bird is the back-up paceman in the touring squad, but 23-year-old Cummins is likely to be selected for the third test in Ranchi starting next week, with the tense four-match series poised at 1-1. "In selecting Pat, we were looking for a strike bowling replacement option (for Starc)," selector Trevor Hohns said in a media release on Saturday. "Pat has impressed in his return to cricket this summer with consistent performances in his ODI, Twenty20 International and Big Bash matches. "He has also had a very good Sheffield Shield return for New South Wales." Long touted as a future leader of the pace attack, the Sydney-born right-armer was the youngest Australian cricketer to earn a national contract in 2011-12 but has been beset by injuries since his brilliant test debut at the Wanderers. Selectors have been loath to risk the tall seamer in long-form cricket, easing him back through the shorter formats until his return for New South Wales this week. He underlined his huge potential with an eight-wicket haul to fire the state side to a comfortable home win over South Australia on Saturday. His return to red-ball cricket was seen as confirmation of his availability for the Ashes series against England in the coming home summer. However, Starc's series-ending stress fracture injury changed the landscape and Steve Smith's side is desperate to rebound in Ranchi after their fourth innings collapse in Bangalore squared the series.