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Mortgage rates fall to new lows for the year

Interest rates for fixed-rate home mortgages are hitting new lows for the year. Lenders earlier this week offered a 30-year fixed-rate loan at an average interest rate of 3.97%, compared with 4.12% last week, Freddie Mac said Thursday. This week’s…

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What Does the Future Hold for Jumbo Loans?

The private market is ready to fill the void when conforming limits on government-backed mortgages at Fannie Mae, Freddie Mac, and the Federal Housing Administration expire at the end of September 2011, Federal Reserve Chairman Ben Bernanke told the House…

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Inventories Hover at Historic Lows

While buyer demand is picking up, many consumers increasingly are finding fewer choices in housing these days. The number of homes for sale continues to remain at record lows with the nationwide inventory of for-sale single-family homes, condos, townhomes, and…

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Existing-Home Sales Continue to Climb in November

Daily Real Estate News | Wednesday, December 21, 2011 Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward adjustments to sales and…

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Jumbo’ Loans Set to Lower Oct. 1

Starting Oct.1, 2011, many borrowers in pricey housing markets may find they’ll need a higher down payment or pay higher rates. The size of mortgages that the government will back in several high-priced regions is set to drop on Oct.…

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Housing Market Is Terrific, If You Are Rich

In the past, both the luxury housing market and the low-end market moved in tandem, but these days, they’re moving in opposite directions. The luxury market is outperforming the rest of the market, with Zillow reporting a 0.7 percent gain…

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