Mortgage rates once again inched lower this week, lowering the cost of borrowing and increasing housing affordability.
Daily Real Estate News
Mortgage Rates Hit New Lows Again
February 6, 2012 By Leave a Comment
Fannie Mae Gains More Short-Sale Authority
February 4, 2012 By Leave a Comment
Several mortgage insurers have removed another barrier in short sales that could speed approval of short sales on Fannie-backed loans.
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Did Builders Overbuild Oversized Houses?
February 4, 2012 By Leave a Comment
Too many big houses are occupying the country’s landscape as more consumers shift their preferences toward condos, apartments, and smaller homes, planners said at a smart growth conference this week.
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Bernanke Defends Keeping Rates Low for 3 More Years
February 4, 2012 By Leave a Comment
Some lawmakers questioned Thursday the Federal Reserve’s move to keep interest rates low until 2014, saying it brings a risk of higher inflation and stymies economic growth.
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FHFA Backing Away From Servicing-Fee Changes
February 3, 2012 By Leave a Comment
The FHFA is reversing plans to revise minimum servicing fees after hefty criticism from industry sources.
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Construction Spending Rises for 5th Straight Month
February 3, 2012 By Leave a Comment
The worst year for home building on record was 2011, but a new report shows the year ended with an uptick in construction spending, as the new-home sector heads into 2012 on a brighter note.
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4 Questions to Ask Before Buying a Foreclosure
February 1, 2012 By Leave a Comment
Foreclosures can offer big bargains, but buyers need to be careful they don’t get over their heads by purchasing a lemon.
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Where the Biggest Foreclosure Discounts Are
January 30, 2012 By Leave a Comment
In one metro area, homes in foreclosure are being sold at up to a 68 percent discount compared to the average sales price of homes not in foreclosure. Find out where the biggest foreclosure deals abound.
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President Ford’s Home on Market for $1.7 Million
January 29, 2012 By Leave a Comment
“They were very private people. They didn’t want anything showy,” says the real estate agent selling the Rancho Mirage, Calif., home belonging to the late President Ford and First Lady Betty Ford.
Daily Real Estate News
Mortgage Rates Rise After Posting Record Lows
January 29, 2012 By Leave a Comment
After posting a series of record lows, mortgage rates reversed course this week, Freddie Mac reports in its weekly mortgage market survey.
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