Mortgage Rates Rise

Mortgage Rates Back on the Rise

MCLEAN, Va., June 14, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that after declining for two straight weeks, mortgage rates reversed direction this week and rose to their second highest level this year.

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No Slump Materialized after New Tax Law

The new tax law was supposed to cause a slump in housing values. It hasn’t materialized – yet.

By Kenneth R. Harney

June 13

What if Congress passed a massive tax bill with scary cutbacks in deductions for homeowners – prompting dire predictions of mass property-value declines – but nothing much happened?

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May – Homes Sold in Record Time

In May’s red-hot housing market, homes sold in record time
By Diana Olick
June 14

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Lien Priority According to Timing

Lien Priority Matters

By Bob Hunt

June 4

When it comes to liens, California has adopted a “first in time, first in right” system of priorities. As authors Miller and Starr, the widely-acknowledged gurus of California real estate law, put it, liens, “have relative priorities among themselves according to the time of their creation.” California Civil Code 2897 says, “Other things being equal, different liens upon the same property have priority according to the time of their creation.” That is why people who make private loans, secured by trust deeds, are encouraged to record that instrument ASAP. Someone who waits a month, a week, or even a day to record a trust deed may find that someone else has recorded another, on the same property, during that intervening time. The second person now has lien priority over the first. If the second person ever had to foreclose, the first person could be wiped out. Continue reading

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Baby Boomers hold onto their homes

Real estate headache: Baby boomers who won’t sell their homes

BY AIMEE PICCHI

June 6

Thanks to their sheer numbers, the baby boomers have shaped society, driving social change and the economic expansion since the 1970s. But now they’re influencing society in a new way — by holding on to their homes.

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Mortgage rates drop, but borrowers are not impressed

BY Diana Olick

May 30

After a sharp rise, mortgage interest rates stepped back a bit last week, but that did nothing to juice borrower demand. Continue reading

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Home Price Increase “not sustainable”

Run-up in home prices is ‘not sustainable’: Realtors’ chief economist

By Diana Olick

May 29

Home values have been rising for six straight years, and the gains have been accelerating for the past two years. Unlike the last housing boom, the gains are not driven by fast and easy mortgage money, but instead by solid buyer demand and very low supply. Still, like the last housing boom, some are starting to warn these price gains cannot continue.

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Experts predict Home Prices will fall

Real Estate Experts Warn Home Prices Are About to Fall

BY Chris Morris

May 23

Housing prices have recovered nicely from the bubble that was such a key factor in the last recession, but the growth could be ending soon, and a fall is coming, warn real estate experts.

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Mtg Rates Highest in 7 Years

Mortgage Rates Move Up to Highest Level in Seven Years

MCLEAN, Va., May 10, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that mortgage rates were unchanged over the past week. Continue reading

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Home Sales & Prices Rise

Realtors® Midyear Forecast: Home Sales, Prices to Rise Despite Inventory, Affordability Challenges

WASHINGTON (May 17, 2018) – A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018, but low supply and weakening affordability will tamper the rate of increases, according to speakers at a residential real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo.

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