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05/25/2007 Why interest rates are going up
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Two weeks ago, the 10-year T-note traded under 4.65 percent; yesterday it touched 4.9 percent. Mortgages -- as always, following the 10-year in lockstep -- were trying to break 6.25 percent going down; now they are trying to hold 6.5 percent while going up.
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05/25/2007 Senator urges tighter lending rules
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Sen. Chris Dodd, the Connecticut Democrat who chairs the Senate Banking Committee, wants the Federal Reserve to use its rule-making authority to require that mortgage loan originators fully evaluate a borrower's ability to make loan payments, restrict the use of low- and no-doc loans, and establish escrow accounts to make tax and insurance payments.
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05/25/2007 Deals close when buyers are in control
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(This is Part 6 of a six-part series. Read Part 1, Part 2, Part 3, Part 4 and Part 5.)
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05/25/2007 That '70s loft in Tribeca
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10013, as I pointed out to residents in my last direct-mail piece, is the most expensive ZIP code in New York City. The price per square foot, according to Miller Samuel appraisers: $1,346. It's Tribeca, and the neighborhood combines urban grit with some hipster charm (the iconic resident may be Christy Turlington, supermodel/yoga lifestyle guru/savvy business executive/mother of two); there are fashionable restaurants, and a decent, though shockingly overcrowded, public school.
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05/25/2007 Home sales, prices fell in April
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The rate at which existing homes sold in April fell by double digits from the same month last year, while the median home price declined slightly, the National Association of Realtors reported today.
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05/25/2007 Overnight real estate rates up further
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Long-term mortgage interest rates were up again Thursday, and the
benchmark 10-year Treasury bond yield dipped to 4.84 percent.
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05/25/2007 HUD sues Property I.D., brokers over kickbacks
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A California company that produces natural hazard disclosure reports -- and the real estate brokers it shared profits with -- broke the law by creating sham companies to funnel illegal kickbacks, a lawsuit by federal regulators alleges.
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05/25/2007 Inman TV on blogging
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The real estate blogging wave is upon us. What makes a good blog?
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05/25/2007 Long- And Short-Term Rates Rise on Stronger Than Expected Consumer Confidence and Fed Remarks
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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 6.37 percent with an average 0.4 point for the week ending May 24, 2007, up from last week when it averaged 6.21 percent. Last year at this time, the 30-year FRM averaged 6.62 percent.
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05/25/2007 Dreams Don't Retire
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Dennis Hopper is right.
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