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08/30/2007 Freddie Mac profits down 45%
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Freddie Mac's second-quarter net income fell 45 percent to $764 million, the company said today, blaming much of the decline on higher provisions for credit losses.
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08/30/2007 California housing out of reach for first-time buyers
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A new report released by an industry trade group found that only 24 percent of California households could afford to buy an entry-level home during the second quarter.
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08/30/2007 Home prices fall in 15 states during Q2
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Home prices fell in California, Nevada, Michigan, Michigan and Massachusetts during the last year, while Utah and Wyoming saw double-digit price appreciation, according to a house-price index based on repeat transactions involving conforming loans of $417,000 or less.
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08/30/2007 Mortgage rates fall again this week
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Long-term mortgage rates slid further this week on cooler July home sales and waning consumer confidence, Freddie Mac and Bankrate.com reported today.
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08/30/2007 Overnight real estate rates creep lower
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Long-term mortgage interest rates were down again Wednesday, and the
benchmark 10-year Treasury bond yield rose to 4.56 percent.
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08/30/2007 Rural MLSs form network to keep up with changes
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Representatives for an assortment of Realtor multiple listing services operating in rural Northern California communities have banded together to discuss common issues, such as the rise of MLS data-sharing and consolidation efforts in the state.
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08/30/2007 Leading the Way with LEEDS
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Perhaps more than ever before, consumers are becoming ecologically concerned. With gas and home heating oil prices at all time highs, arctic snow caps that are visibly melting away, and weather patterns that seem unlike any we have ever seen before, Americans are finally starting to understand that everyone has a responsibility to be kind to mother earth.
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08/30/2007 Landlords Loving It, Renters Rueing It
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For consumers weathering the storm of high home prices and tight mortgage credit, there's little financial sanctuary in the rental sector.
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08/30/2007 Credit Cards Interest Rates Can Bury Consumers
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Few Americans can seem to do without at least one credit card, and the majority of U.S. consumers often have wallets full of plastic. Many obtain these cards with little knowledge of how they work or the way interest on purchases is calculated, and those least able to repay appear to be the ones getting into the deepest end of financial hot water.
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08/29/2007 Fitch Ratings bearish on home builders
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The most challenging issue for housing markets is likely to be excess inventory, analysts at Fitch Ratings said as they issued more dire projections for declines in housing starts and sales in the second half of the year.
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