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Viewing by month: April 2012

Apr 24 2012

Home Prices Lowest Since 2002!

NEW YORK (CNNMoney) -- Home prices hit new post-bubble lows in February, according to a report out Tuesday.

The S&P/Case-Shiller home price index of 20 cities recorded a decline of 3.5% from 12 months earlier. Home prices have not been this low since November 2002.

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46 comments - Posted by Suzanne Baker at 3:09 PM - Categories:

Apr 10 2012

FHFA Still Resists Principal Reduction...

It remains to be seen whether Fannie, Freddie will offer principal reduction for mortgages.

NEW YORK (CNNMoney) -- Allowing Fannie Mae and Freddie Mac to offer principal reductions may save money thanks to enhanced government incentives, a preliminary analysis released Tuesday shows.

But that doesn't mean their regulator, Ed DeMarco of the Federal Housing Finance Agency, is warming up to the idea.

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42 comments - Posted by Suzanne Baker at 3:14 PM - Categories:

Apr 5 2012

Freddie Mac: 30-year Mortgage Rate Remains Just Under 4%...

The typical rate for a 30-year fixed mortgage remained just below 4% this week, continuing a recent holding pattern at about that level, home lending giant Freddie Mac said in its latest weekly survey.

Freddie Mac's report on lender offering rates, released Thursday morning, showed the 30-year loan averaged 3.98%, statistically unchanged from the 3.99% recorded last week.

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46 comments - Posted by Suzanne Baker at 4:27 PM - Categories:

     
   
 
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