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Freddie Mac: Mortgage rates break holding pattern, decrease

Freddie Mac: Mortgage rates break holding pattern, decrease

30-year mortgage rate holds relatively steady in 2017 Mortgage rates broke their month-long holding pattern as they decreased this week, according to Freddie Mac’s Primary Mortgage Market Survey. “Since the beginning of the year, the 10-year Treasury yield has covered...

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Take Appreciation Lessons From Warren Buffett

Take Appreciation Lessons From Warren Buffett

Billionaire and renowned investor Warren Buffett has seen mammoth appreciation for a getaway home he owns in Laguna Beach, Calif. He purchased it in 1971 for $150,000. Now Buffett is selling the six-bedroom, 6.5-bath home for $11 million. Are there any lessons from...

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Buyers Of New Homes Could Gain The Upper Hand In 2017

Buyers Of New Homes Could Gain The Upper Hand In 2017

New Homes Continue To Sell Quickly According to the U.S. Census Bureau, more than half-million new homes were sold on a seasonally-adjusted, annualized basis, continuing last year's momentum. But new home supply is higher than it's been more than a year, and...

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Southern Cities Experience Faster Home Value Growth: Zillow

Southern Cities Experience Faster Home Value Growth: Zillow

Home value appreciation is ramping up in housing markets across the South, led by cities in Tennessee, Florida and Texas. Nationwide, home values are up 7.2% year over year to $195,300, Zillow reported Thursday in its January Home Value Index. Nashville experienced...

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Americans buy existing homes at fastest pace in a decade

Americans buy existing homes at fastest pace in a decade

Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows. Home sales rose 3.3% in January...

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Commercial Volume Projected to Set Record in 2017

Commercial Volume Projected to Set Record in 2017

Commercial mortgage loan originations in 2017 are expected to increase 3% over last year to a record high, as market fundamentals and property prices remain strong, according to the Mortgage Bankers Association. It projects total volume of $515 billion, with...

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