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Published 18 December 2016 According to the National Association of Realtors (NAR’s) 2016 Profile of Home Buyers and Sellers, the most difficult step in the homebuying process is saving for a down payment. HouseLogic.com, which is NAR’s site for homeowners, recently reported that the 20 percent down payment requirement is “one of the biggest misconceptions in home
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Dec 11, 2016 Home values back to 2006 levels? Not herePublished 11 December 2016 On November 29th, the S&P Indices, which provides benchmarks for investable products used in the financial sector, such as mortgage-backed securities, released the results of the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index for September. According to the report, the index “surpassed the peak set in July 2006
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Dec 04, 2016 Fence-sitters beware; mortgage rates are on the rise
Published 4 December 2016 Between Monday and Wednesday of each week, the Federal Home Loan Mortgage Corporation (aka Freddie Mac) collects mortgage pricing data from approximately 125 U.S. mortgage lenders. The survey, which is published each Thursday, details the average rates and points lenders are charging that week for their most popular 30 and 15-year
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Nov 27, 2016 How to turn your family room into a garage
Published 27 November 2016 According to the National Association of Realtors 2015 Remodeling Impact Report, homeowners spent more than $326 billion on remodeling projects through the first ten months of 2015. Some owners took on projects to prepare their properties for sale. Others made changes purely to increase the quality of their lives at home.
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Nov 20, 2016 Looking for a bargain? Try HUD
Published 20 November 2016 Prior to the Great Depression of the 1930s, obtaining a mortgage was a challenging task. Down payments were typically 50 percent of the purchase price, loan terms seldom exceeded 10-years, and balloon payments were the order of the day. It wasn’t until the passage of the Federal Home Loan Bank Act
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Nov 13, 2016 Home-sale production, prices improve in October
Published 13 November 2016 Local Realtors sold more new and existing homes, townhomes and condominiums this October than they did one year ago, according to statistics from the Las Cruces Association of Realtors. Home prices also improved in the year-over-year survey. Sales of new and existing single-family, free-standing homes rose 15.7 percent, from 102-units one
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