Yellen Speech could Propel Mortgage Rates Out of Current Range

Aug 26, 2016 - US mortgage rates remained flat yet again on Thursday, continuing a nearly unnaturally long, quiet stretch. However, everything could change today with Federal Reserve Chairperson Janet Yellen's speech at Jackson Hole.   This is not a foregone conclusion, of course. Events like this have...

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FHFA Says Home Prices Might be Shifting

Aug 25, 2016 - According to a Federal Housing Finance Agency (FHFA) report that was released on Wednesday, the prices of homes financed by Freddie Mac and Fannie Mae went up by 0.2% between May and June. The yearly price increase amounted to 5.6%.   Both numbers were the same as the previous month,...

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Diligence Website Now Lists Data about Death at Home

Aug 24, 2016 - Before someone buys a home, they typically want to know as much as possible about the property. No real estate website will be able to tell you if, for example, the next-door neighbor's dogs will keep you awake at night. However, pre-diligence website HomeDisclosure.com now provides “death in...

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Freddie Mac Predicts Low Mortgage Rates Here to Stay

Aug 19, 2016 - Mortgage rates went through a relatively quiet week, and not even the release of the minutes of the Fed's latest meeting managed to affect them much. Since the second part of June, the 30-year fixed-rate average has been moving in a narrow range between 3.41% and 3.48%.   In Freddie Mac's...

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Fed Minutes Fail to Significantly Move Mortgage Rates

Aug 18, 2016 - Although a few lenders offered slightly lower mortgage rates after the minutes of the latest Fed meeting were published on Wednesday, the majority kept their rates the same or raised them slightly.   Many investors were concerned – or at least prepared for the possibility – that the minutes...

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