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04/20/2007 Refinance Applications Up: Is It Time?
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With all this recent talk about hybrids it's no wonder refinance applications are up. People are seriously thinking about getting out of them and into fixed rate mortgages. Even though their adjustment period won't take place for another couple of years. What gives?
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04/20/2007 Signs of Moderation in Inflation Allows Mortgage Rates to Edge Lower for First Time in Six Weeks
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McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.17 percent with an average 0.5 point for the week ending April 18, 2007, down from last week when it averaged 6.22 percent. Last year at this time, the 30-year FRM averaged 6.53 percent.
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04/20/2007 Buyer Tip: Get Home Warranty Funded by Seller
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I was listening to a home warranty salesperson presentation about her product the other day and was surprised to find out that in today's market, when sellers are more than willing to pay for nearly all the closing costs, only about 20 percent of contracts actually have a home warranty in place.
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04/20/2007 Foreclosure Disaster Prompts Mortgage Relief
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Freddie Mac plans to buy $20 billion worth of subprime mortgages to keep the pump primed for borrowers with poor credit histories.
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04/19/2007 Title industry under scrutiny again
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Limited regulation, complicated business affiliations and an apparent lack of consumer protections have clouded title insurance industry operations, and regulators must step up oversight and enforcement to ensure cost competition and prevent illegal activities, a government report concludes.
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04/19/2007 Largest U.S. home builder's earnings plunge 85%
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D.R. Horton Inc., the largest U.S. home builder, today reported an 85 percent decline in quarterly earnings as market conditions continue to challenge the nation's home builders.
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04/19/2007 Mortgage rates edge lower this week
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Sluggishness in the latest core inflation measure helped ease markets' fears and brought mortgage rates down, Freddie Mac and Bankrate.com reported today in their weekly surveys.
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04/19/2007 Jobs, housing give economy slight boost
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The economic outlook brightened somewhat in March as jobless claims dropped and home construction picked up, The Conference Board reported today.
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04/19/2007 Overnight real estate rates fall
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Long-term mortgage interest rates were down Wednesday, and the benchmark 10-year Treasury bond yield dropped to 4.65 percent.
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04/19/2007 Freddie Mac to help troubled homeowners
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U.S. mortgage buyer Freddie Mac on Wednesday said it will purchase $20 billion in fixed-rate and hybrid adjustable-rate mortgage products to provide more stable financing alternatives for borrowers of high-risk subprime loans.
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