Bank Reposessions Reach Record Levels For The Second Straight Month

June 10, 2010

According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. All 50 states are up, year-over-year.

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Conforming Loan Costs Are Rising, Says Freddie Mac

June 9, 2010

Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.

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Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing

June 8, 2010

A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.

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Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing

June 8, 2010

A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.

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The Supply Of New Homes For Sale Just Dropped Off A Cliff

May 28, 2010

At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. That’s more than double the pace of a year ago.

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Should You Refinance Your Mortgage?

May 27, 2010

Mortgage rates are low and they likely won’t stay that way. If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.

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Home Price Index Rises 0.3% in March 2010

May 26, 2010

Home values rose in March, according to the Federal Home Finance Agency’s most recent Home Price Index. Values were reported higher by 0.3 percent, on average, from February.

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Home Supplies Tick Higher, Creating An Opening For Today’s Home Buyers

May 25, 2010

According to the National Association of Realtors®, although the number of homes sold ticked higher in April, so did the supply of existing homes for sale, too. Sellers are now listing homes faster than buyers can buy them.

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What’s Ahead For Mortgage Rates This Week : May 24, 2010

May 24, 2010

Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved.

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Home Opportunity Index Ranks 225 Metro Areas For Affordability

May 21, 2010

With home prices still relatively low and mortgage rates trolling near their all-time best levels, home affordability is extraordinarily high in most U.S. markets.

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