May 2010 - Posts
May 12, 2010 By Robert Freedman, senior editor, REALTOR® Magazine With the housing recovery still fragile, it’s hard to look ahead with anything but caution. However, the long-term prospects for the market are “incredible,” FHA Commissioner
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Despite generally rising home prices, home equity continues to fall in many cites hardest hit by the unraveling of the real estate market. Equity continues to drop because of resetting mortgage rates, job losses, and high rates of foreclosure depressing
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Freddie Mac reports that the average interest for 30-year fixed mortgages was 5 percent this week, down from last week's 5.06 percent. Meanwhile, 15-year fixed loans averaged 4.36 percent versus 4.39 percent over that same time span. Rates on five-year,
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