Browsing Category 'News'

WASHINGTON (AP) — Average U.S. rates for fixed mortgages declined this week but stayed close to their highest levels in two years. Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell to 4.51 percent. That’s down from 4.58 percent last week, the highest since July 2011. The average on the 15-year […]

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  Benjamin Feldman of ReadyForZero.com. So you can’t wait to buy a house. You’ve already scoped out the neighborhood where you want to live, and you’re starting to imagine yourself settling into a brand new home. But there’s one problem: You don’t have enough money for a down payment. But don’t worry. Using the tips below, […]

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UnderwaterMortgage

  More than 1.96 million homeowners to be freed by next year Even as home values continue to recover, millions of homeowners remain so far underwater that it will take years for them to regain equity in their properties. However, the latest data from Zillow (Z) reveals that underwater borrowers are becoming a smaller and […]

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  By Steve Odland | Forbes.com Home insurance costs seem to go up every year. But going without insurance is too risky. So, we grit our teeth and pay the bill each year. Of course, we could competitively shop the policy every year, but that’s onerous. It takes a lot of study to understand the […]

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Megan Hopkins August 28, 2013 9:55AM   As higher mortgage interest rates continue to slow the market, pending home sales reflected such changes, dropping 1.3% to 109.5 in July from 110.9 in June. However, pending sales are 6.7% above July 2012, when the index was at 102.6. July marks the 27th consecutive month of year-over-year […]

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