Monthly Archives: March 2012

30-Year Fixed-Rate Mortgage Averages 4.08%

30-Year Fixed-Rate Mortgage Averages 4.08 Percent McLEAN, Va., March 29, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates, fixed and adjustable, moving lower on weaker housing economic … Continue reading

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Investment and Vacation Home Sales Surged in 2011

  Investment and Vacation Home Sales Surged in 2011 WASHINGTON (March 29, 2012) – Sales of investment and vacation homes jumped in 2011, with the combined market share rising to the highest level since 2005, according to the National Association … Continue reading

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Home prices fall to 2002 levels

Home prices fall to 2002 levels By Les Christie March 27, 2012 NEW YORK (CNNMoney) — The housing market started off the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest … Continue reading

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Pending Home Sales Ease in February, but higher than last year

Pending Home Sales Ease in February but Solidly Higher Than a Year Ago March 26, 2012 Pending home sales were down slightly in February but remain notably above the pattern in the first half of last year, according to the … Continue reading

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U.S. Homes Sales complete best winter in 5 years

U.S. Homes Sales complete best winter in 5 years By Derek Kravitz ASSOCIATED PRESS March 21, 2012 WASHINGTON — U.S. home sales are gradually coming back. A mild winter and a stronger job market have helped boost sales ahead of … Continue reading

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Santa Barbara Real Estate through the end of February 2012

Santa Barbara Real Estate through the end of February 2012 for Montecito, Hope Ranch, Santa Barbara, Goleta, Carpinteria and Summerland By Gary Woods   Thisis an analysis of the Santa Barbara Real Estate market including Carpinteria/Summerland, Montecito, Hope Ranch, downtown … Continue reading

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February Home Sales Slip – But Up From A Year Ago

February Existing-Home Sales Slip But Up Strongly From a Year Ago March 21, 2012 February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according … Continue reading

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Mortgage Rates Follow Bond Yields Higher

Mortgage Rates Follow Bond Yields Higher MCLEAN, Va., March 15, 2012 /PRNewswire/– Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates moving higher amid positive jobs data and increasing bond yields. … Continue reading

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Fixed-rate Mortgages Remain at or Near All-time Lows

Fixed-rate Mortgages Remain at or Near All-time Lows MCLEAN, Va., March 8, 2012 /PRNewswire/– Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed-rate mortgages at or near their 60-year lows helping to … Continue reading

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FHA mortgages are poised to get more expensive

FHA mortgages are poised to get more expensive By Kenneth R. Harney March 11, 2012 If you’re considering buying a house with an FHA mortgage and expect the seller to help out with your closing costs, here’s a heads-up: The … Continue reading

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