Monthly Archives: August 2012

Fixed Mortgage Rates Move Higher

Fixed Mortgage Rates Move Higher For Fourth Consecutive Week MCLEAN, Va., Aug. 23, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates following long-term Treasury yields higher … Continue reading

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Existing Home Sales Improve in July

Existing-Home Sales Improve in July, Prices Continue to Rise August 22, 2012 WASHINGTON (August 22, 2012) – Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months … Continue reading

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Fixed Mortgage Rates Rise

Fixed Mortgage Rates Move Higher for Second Consecutive Week MCLEAN, Va., Aug. 16, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates following long-term Treasury yields higher. … Continue reading

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REO Inventories Drop

  REO inventories drop even as banks hold on to them longer BY INMAN NEWS August 15, 2012 Inventories of bank-owned properties fell year over year across four Western states in July even as lenders took longer to get those … Continue reading

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Southern California Home Sales Up Again

Southland Home Sales Up Again From 2011; Median Price Nears 4-Year High August 14, 2012 La Jolla, CA—Southern California home sales rose above the year-ago level for the seventh consecutive month in July despite continued declines in low-end distress sales. … Continue reading

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Mortgage Rates Move Higher

Fixed Mortgage Rates Move Higher for Second Consecutive Week MCLEAN, Va., Aug. 9, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher following stronger-than-expected employment … Continue reading

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Buyers Try to Game the System

Desperate Buyers Try To Game The System With Offers That Backfire by Robert Aldana August 9, 2012 SILICON VALLEY – As the area housing market continues to heat up with as many as 20 home buyers for each listing, buyers … Continue reading

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Beach Sales – Santa Barbara area

BEACH SALES – SANTA BARBARA As of August 7, 2012 The following is a list of “beach” properties either privately or publicly for sale by various agents.

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30-year Fixed-rate Mortgage Moves Up

30-year Fixed-rate Mortgage Moves Up, Averages 3.55 Percent MCLEAN, Va., Aug. 2, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgages rates breaking their streak of record-breaking lows and … Continue reading

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Lending industry not ready to ease strict mortgage standards

Lending industry not ready to ease strict mortgage standards By Kenneth R. Harney August 5, 2012 WASHINGTON ‹ With home prices rising in many markets around the country, might mortgage lenders start loosening up their hyper-strict underwriting rules and extend … Continue reading

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