Monthly Archives: September 2012

Mortgage Rates Sink to New Lows Again

DAILY REAL ESTATE NEWS | FRIDAY, SEPTEMBER 28, 2012 Mortgage rates were back to breaking records for the second consecutive week. All mortgage products, except for the 5-year adjustable-rate mortgage, averaged a new record low, Freddie Mac reports in its … Continue reading

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Home Prices Continue to Rise Over Last Year’s Levels

More housing reports released on Tuesday showed home prices on the rise. The Federal Housing Finance Agency reported that U.S. home prices increased 3.7 percent from a year ago in the 12-month period ending in July. FHFA’s home price index … Continue reading

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Trim your home insurance premiums

Raising your deductible can help you in multiple ways. The higher your deductible — the amount you agree to pay out-of-pocket before the insurer begins to pay for a loss — the lower your premium and the less likely you … Continue reading

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Better Housing Market Improves Americans’ Finances

Americans are feeling the best they have about their financial situation in nearly four years, according to the latest CredAbility Consumer Distress Index, a nonprofit credit counseling service. The improvements in the housing market is lessening the stress on Americans’ … Continue reading

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Tax relief on forgiven debt set to expire Dec. 31, 2012

Unless Congress and the California State legislature take action, a break for mortgage principal forgiven in loan modifications or short sales will expire at year’s end. The mortgage debt forgiveness issue is only one of approximately 60 expiring tax provisions … Continue reading

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Tips for new homeowners to save money!

When buying a new home, you probably have a “To Do” checklist longer than a loan application. But there are a few things you should put above “Do Happy Dance in Front of Co-workers who Rent.” The good news is … Continue reading

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The best mortgage deal isn’t always the lowest APR

When shopping for home loans, borrowers are usually most concerned with the annual percentage rate (APR) offered by a mortgage lender, rather than simply the interest rate, since the APR is meant to provide a more complete picture of how … Continue reading

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