June 2009 - Posts
When the easy money was flowing, you could get a great deal on a mortgage from just about anyone. But in today's credit-challenged world, all the avenues for finding a mortgage come with their own set of problems. Many banks have tightened lending
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Many Americans have taken a hit to their home equity over the past couple of years, and some may wonder if it’s really the smartest financial decision to own a home. A recent analysis of Federal Reserve data by the NATIONAL ASSOCIATION OF REALTORS®
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After spiking to six-month highs a couple of weeks ago, mortgage rates fell again last week only to rise again this week. Interest on 30-year fixed mortgages settled at an average of 5.42 percent this week, reports Freddie Mac, up from 5.38 percent in
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Existing home sales rose in May, as increasingly affordable home prices and a first-time tax credit attracted hesitant buyers. The National Association of Realtors reported that existing home sales ticked up 2.4% last month to a seasonally adjusted annual
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Total Number of Sales Closed in May 2009 Ø May 2009 had 2,691 closed sales or 90 closings per day Ø April 2009 had 2,787 closed sales or 91 closings per day Ø May 2009 sales are down slightly in comparison to April 2009 sales Detached
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June 2009 Su Mo Tu We Th Fr Sa 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3 4 5 6 7 8 9 10 11 OPEN HOUSE TODAY, SUNDAY, JUNE 28TH BETWEEN 1 - 4 P.M. - ADDRESS: 4130 Cleveland Ave, #7, San Diego, CA 92103 -
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Reverse mortgages could be the next subprime mortgage product to experience rapid growth while taking advantage of a vulnerable segment of the population. Regulators are crafting guidelines to ensure that robust consumer protections are in place for reverse
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Mortgage rates across the board jumped this week, with conventional mortgages reaching their highest point so far this year. Freddie Mac reports a jump in the 30-year fixed mortgage rate to a 25-week high of 5.29 percent, up from 4.91 percent the prior
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After announcing a plan that would have allowed first-time homebuyers to use a special tax credit to cover the 3.5% required down payment on an FHA-insured loan, the Department of Housing and Urban Development apparently had second thoughts. HUD has revised
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First-time homebuyers will now have access to quick cash to help them with their down payments. The U.S. Department of Housing and Urban Development (HUD) has announced that first-time homebuyers using FHA-approved lenders can now get an advance on the
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Mortgage rates have burst past the 5% mark for a 30-year fixed-rate loan, peaking at an average of 5.45%. It was the highest level reached by mortgage rates this year. Unfortunately, the days of sub-5% mortgage rates may be over, which may threaten to
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