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What’s Ahead For Mortgage Rates This Week – September 29, 2014
According to Frank Nothaft, vice president and chief economist of Freddie Mac, “Mortgage rates were slightly changed with the rate on the 30-year fixed mortgage down three basis points. Meanwhile,...
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The Dream Of Home-Ownership Is Again Within Reach!
America has been recovering from our deep recession for over five years. Gradually over that time, standards for home loans have loosened up, but unfortunately the media has failed to take notice...
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Will Rates Go Up Now That Unemployment Has Dropped Below Six Percent?
We learned this morning that the United States gained 248,000 jobs in the month of September, pushing the unemployment rate down to 5.9%, the lowest level since July 2008. It has taken just over six...
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What’s Ahead For Mortgage Rates This Week – October 6, 2014
According to Frank Nothaft, vice president and chief economist of Freddie Mac, “Mortgage rates were flat to slightly down across the board as GDP was revised up from 4.2 percent to 4.6 percent for the...
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Is There Help For First Time Homebuyers?
The Bank of Mom and Dad is playing a growing role in a housing recovery struggling to provide more traction for the U.S. economy. Last year, 27 percent of those purchasing a home for the first time...
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Update on Fannie Mae’s 97% LTV Loan Product
According to Federal Housing Finance Agency Director Mel Watt, “We know that the size of a down payment – by itself – is not the most reliable indicator of whether a borrower will repay a loan. As a...
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What’s Ahead For Mortgage Rates This Week – November 10, 2014
Last Week Mortgage Rates Moved Higher for Second Straight Week: According to Frank Nothaft, vice president and chief economist of Freddie Mac, “Mortgage rates continued to rise this week with the...
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Real Estate News Update – November 13, 2014
The Department of Veterans Affairs’ VA home-loan program has gained significant market share compared with competing private and government options. The VA’s home-purchase financing program is now at...
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What’s Ahead For Mortgage Rates This Week – November 17, 2014
Fixed Mortgage Rates Hovering Near 2014 Lows as of Last Week: According to Frank Nothaft, vice president and chief economist of Freddie Mac, “Fixed mortgage rates were slightly down on mixed results...
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Real Estate News Update – November 21, 2014
Profits Down at Fannie Mae & Freddie Mac Fannie Mae and Freddie Mac reported sharply lower profits but still earned enough for a combined $6.8 billion payment to the U.S. Treasury, as the...
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