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Existing Home Sales Unexpectedly Drop In February

Existing Home Sales fell 10 percent last month, according to a report from the National Association of REALTORS®. Continue reading

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Good News For Sellers — Housing Starts Plummet In February

Home prices are based on supply and demand and overall home supply looks headed for a fall. Sellers are poised to regain negotiation leverage. Continue reading

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Homebuilders Expect More Sales Volume This Year

According to the monthly Housing Market Index as published by the National Association of Homebuilders, after 4 straight months of reading 16, March homebuilder confidence ticked 1 point higher to 17. It’s the highest confidence reading in 10 months.
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Simple Real Estate Definitions : Loan-Level Pricing Adjustments

Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.

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Home Affordability Rankings For 225 Metropolitan Statistical Areas

With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights. According to the quarterly Home Opportunity Index as published by the National Association of Home Builders, more than 72 percent of all new and … Continue reading

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New Home Sales Drop In July — Just Like Existing Home Sales

One day after the National Association of Realtors released the softest Existing Home Sales report since 1995, the U.S. Census Bureau released a similarly-weak New Home Sales report. Americans bought just 276,000 newly-built homes in July. That marks the fewest … Continue reading

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Existing Home Sales Plummet In July; Home Buyers Gain Leverage

The number of home resales plunged by 1.4 million units in July, according to the National Association of Realtors

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Bank Mortgage Lending Policies Appear To be Easing

The tightening in mortgage-lending policies that characterized the last 3 years appears to be slowing. According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. … Continue reading

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What’s Ahead For Mortgage Rates This Week : August 23, 2010

Mortgage markets stalled last week in back-and-forth trading as Wall Street grappled with weak housing data, falling builder confidence, and worsening jobs numbers nationwide. Because markets were volatile, rate shopping was challenging. Conforming mortgage rates did managed to make a … Continue reading

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Mortgage Rates Make New Lows For The 9th Week In A Row

Another week, another new low for conforming mortgage rates. In fact, this week marks the 9th time in a row it’s happened. Mortgage rates are (again) at their lowest levels in history. The data comes from the Freddie Mac, a … Continue reading

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