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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...
Building, Buying, or Beefing Up a Home? Watch Out for Deed Restrictions
Deed restrictions can bring nasty surprises to homeowners looking to remodel or even when buying a home. These restrictions can limit a number of property features, such as the number of bedrooms in your home, the building height, the type of vehicles in your...
No change to mortgage interest deduction in Trump tax plan: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Wednesday the Trump administration's tax reform plan will not change the deductibility of mortgage interest and charitable contributions. "Let me first clarify, we are not taking away the charitable deduction and we are...
Parents have trouble saving because of mortgage payments, Bankrate survey finds
More than 1 in 3 mortgages has a "major impact" on the borrower's ability to save. That number jumps to 51 percent for parents who have mortgages. That's according to Bankrate's Money Pulse survey for February. Mortgages affect savings Asked, "How much of an impact...
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...
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...
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...
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...
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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