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Viewing by month: December 2011

Dec 30 2011

Freddie Mac: Record Low Mortgage Rates Haven't Resuced Housing

"While we had forecast lower prices [for 2011], we did hold out some hope that at the very least transactions would pick up slightly from 2010 levels," said the report from a team led by analyst Oliver Chang.

"However," the report said, "it proved to be too optimistic a prediction. Not only did total home sales fail to rise, but also mortgage applications for purchase continued to fall -- indicating that not only is tight mortgage credit limiting demand, but even the desire to buy a home continued to wane."

The recent bottom in rates stems from anxiety over the European debt crisis, which has increased demand for U.S. Treasury securities. That has depressed the yield on Treasuries, which act as a benchmark for mortgages.

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38 comments - Posted by Suzanne Baker at 6:26 PM - Categories:

Dec 28 2011

New informaiton regarding foreclosures...

CNNMoney: Foreclosure free ride: 3 years, no payments
By Les Christie
12/28/2011
Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight. 

Wall Street Journal: Victims sought in Countrywide case
By Brent Kendall
12/27/2011
The Justice Department faces the daunting task of tracking down more than 210,000 alleged victims and determining how to compensate them, following last week's $335 million fair-lending settlement with Bank of America Corp.'s Countrywide unit.

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52 comments - Posted by Suzanne Baker at 6:12 PM - Categories:

Dec 22 2011

Is Housing Bouncing Back?

The deeply depressed housing sector finally seems to have found its bottom — and may even be starting to bounce back.

 

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39 comments - Posted by Suzanne Baker at 2:09 AM - Categories:

Dec 22 2011

Is Housing Bouncing Back?

The deeply depressed housing sector finally seems to have found its bottom — and may even be starting to bounce back.

 

Read more...

47 comments - Posted by Suzanne Baker at 2:09 AM - Categories:

Dec 19 2011

Home-builder Confidence Hit a 19 Month High in December

WASHINGTON (MarketWatch) — Home-builder confidence hit a 19-month high in December, though it still remains mired in weak territory, according to a key index released Monday.

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164 comments - Posted by Suzanne Baker at 5:42 PM - Categories:

Dec 16 2011

Low Mortgage Rates to Hang Around Next Year...

Mortgage rates are expected to remain very low at least through mid-2012, while housing activity improves slightly, according to Freddie Mac’s economic and housing outlook released Wednesday.

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39 comments - Posted by Suzanne Baker at 3:34 PM - Categories:

Dec 13 2011

Home Values Dip in October...

U.S. home values continued their decline in October, falling 0.3% from September, according to Zillow (Z: 22.59 -5.24%), which noted that the rate of monthly depreciation has stabilized as the housing market heads toward the bottom.

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42 comments - Posted by Suzanne Baker at 4:52 PM - Categories:

     
   
 
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