Posted on January 11th, 2010 by Carlo Capomazza
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U.S. home loan rates could rise by as much as three-quarters of a percentage point in the spring as the Federal Reserve ends its mortgage bonds purchase program, a top Fed policymaker said in an interview published on Saturday.
“You maybe would have thought you would have seen rates move up more quickly than [...]
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Posted on December 31st, 2009 by Carlo Capomazza
The median home price of an existing, single-family home rose 5.8 percent in November compared with a year ago, the first time the median home price has increased in year-to-year comparisons since August 2007.
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Posted on November 12th, 2009 by Carlo Capomazza
It’s important to keep in mind, however, that the sales price is not the only factor that determines what the monthly payment will be. In fact, the impact of higher interest rates can easily nullify any benefit of waiting for a lower price.
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Posted on November 5th, 2009 by Carlo Capomazza
The median price of an existing, single-family home in California rose for the seventh consecutive month in September to $296,090, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ most-recent sales and price report. Home sales also increased in September, rising 2.1 percent compared with August. If home sales maintain their current pace, 530,520 units will be sold in California in 2009.
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Posted on October 26th, 2009 by Carlo Capomazza
There is a lot of speculation of what house prices are going to do in the next 12 months. And, when many other elements that all influence what is about to happen to the property market are considered it still does not give us a clear idea of what the future will be.
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Posted on September 16th, 2009 by Carlo Capomazza
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Despite home buyers being advised to issue down payments of at least 20 percent, many home buyers are finding that smaller down payments result in better interest rates—but also higher payments. Rules put in place in late 2008 by Fannie Mae and similar rules adopted by [...]
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Posted on August 26th, 2009 by Carlo Capomazza
Changes to the Truth in Lending Act took effect last month, requiring lenders to provide certain disclosures about mortgages fees and helping borrowers make better-informed loan choices.
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Posted on August 17th, 2009 by Carlo Capomazza
HSH’s latest two-month forecast for mortgage rates is in. While rates trended higher than we thought they would during the last forecast period, “Our expected range of movement was pretty good, but rather than moving to the lower end of the scale, we moved to the upper side instead.”
Here’s just a taste of our latest [...]
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