Half of Americans can’t afford their house

June 3, 2014

  As the housing market slowly recovers, a majority of homeowners and renters are finding it hard to meet rising rents and mortgage payments, new research finds. Over half of Americans (52%) have had to make at least one major sacrifice in order to cover their rent or mortgage over the last three years, according […]

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Treasury yields hit daily highs on Fed minutes

NEW YORK (MarketWatch) — Treasury prices extended a drop Wednesday, pushing benchmark yields up to their highest point of the day after the Federal Reserve’s meeting minutes showed tapering still on track for this year. The Federal Open Market Committee minutes for its September meeting showed that while the central bank’s members surprised markets by […]

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Mortgage Rates Slightly Higher, but Maintaining Recent Range

October 8, 2013

Mortgage rates moved higher today, but remain in the range of recently lower levels that has persisted since late September. Conforming, 30yr fixed best-execution remains at 4.25% though the closing costs would be slightly higher today vs yesterday, or the lender credit slightly lower, depending on your scenario. Prices of ‘mortgage-backed securities’ that dictate loan […]

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Mortgage Rates Level-Off at 3-Month Lows

September 26, 2013

Mortgage rates were unchanged today, keeping them in line with the lowest levels in over three months. This is the 12th business day in a row where rates have either been unchanged or better. Conforming, 30yr Fixed rates remained at 4.375% (best-execution) for most lenders, though some are efficiently priced at 4.25%. Others still have […]

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NAR Objects to DeMarco’s Rumored Loan Limit Changes

September 20, 2013

The National Association of Realtors® (NAR) sent a strongly worded letter to Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency yesterday, directed at several issues impacting the cost and potential availability of credit. A particular target of the letter is DeMarco’s rumored intentions to lower loan limits for Fannie Mae and Freddie […]

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California Realtors Confirm Sales Downturn, but Silver Lining is ‘Attached’

September 17, 2013

Monthly sales figures from the California Association of Realtors® (C.A.R.) confirm indications from DataQuick data posted earlier today that the real estate market in American’s most populous state have slowed. C.A.R. data however shows continued growth in ‘Attached’ (condo and townhome) home sales with the slippage limited to single-family homes. C.A.R. reports that sales of […]

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Voters Overwhelmingly Support Increased Mortgage Industry Regulation

September 12, 2013

The Dodd-Frank Wall Street Reform and Consumer Protection Act and the Consumer Financial Protection Bureau (CFPB) which it created appear to be a lot more popular with voters than some in Congress seem to think it is. Results of a poll released by the Center for Responsible Lending (CRL) show a very large majority of […]

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