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More Borrowers Are Paying Down Their Mortgages

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Even with record-low mortgage rates, many refinancing borrowers are choosing to pay down their loan balances rather than borrow more money. According to a recent report by Freddie Mac, “cash-in” borrowers – those who reduced their principal balance by paying in additional money at the closing table – represented 22 percent of all borrowers who […]

New Home Sales Jump in June

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New Home Sales Jump in June Sales of new homes jumped in June, but it was the second-weakest month on record. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000. May’s number was revised downward to a rate of 267,000, the slowest […]

Things to Consider When Buying a House

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Things to Consider When Buying a House Buying real estate is a very challenging task because you need to ensure you are not going to be wasting your money. This is why you need to strictly follow some steps on researching before buying a property. First, you have to find an experienced and trustworthy real […]

Mortgage Rates At All-Time Lows

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Mortgage Rates At All-Time Lows Mortgage interest rates continue to see new record lows, hitting rates not seen since the 1950s. But brokers say few of the many homeowners rushing to take advantage and refinance their loans will be able to qualify. The high levels of unemployment and depressed property values in many parts of […]

Sidelined Homebuyers Preparing to Enter the Market

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Sidelined Homebuyers Preparing to Enter the Market According to a new survey by Relocation.com, more Americans are positioning themselves to purchase a home in the near future. The survey found that some families are opting to rent while they research for deals to purchase a more desirable home in their area. There’s no surefire way […]