Monthly Archives: October 2011

Unexpected Results in Home Sales

New home sales slightly up, while pending home sales are slightly down The annual pace of new home sales increased a bit more than expected in September, rising 5.7 percent from the previous month. At the same time, although economists … Continue reading

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Senate Votes to Raise Loan Limit

Hoping that higher conforming loan limits will help housing market Last week, the Senate voted to approve the high-balance conforming loan limit to $729,750 in wealthier neighborhoods, as part of a larger spending bill. As of October 1, 2011, the … Continue reading

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Foreclosure Activity Brings Both Good News and Bad

What more foreclosures and longer processing times may mean for the housing market (map from RealtyTrac.com) RealtyTrac® reported that foreclosure activity in the third quarter was up slightly (less than 1 percent) from Q2, and down 34 percent from the … Continue reading

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Take Control of Closing Costs

Expert tips on evaluating and managing the cost of your mortgage As mortgage rates continue to stay at record lows, the costs of obtaining a mortgage are going up — according to Bankrate’s annual survey of closing costs, the average … Continue reading

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Mortgage Rates Continue To Hover At Record Lows

For qualified buyers, fixed and adjustable mortgages are more attractive than ever RealtyTimes reported that Freddie Mac’s weekly mortgage survey, the first since the Fed’s Operation Twist announcement last week, found the average rate for conventional 30-year fixed mortgages to … Continue reading

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