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Bad day for mortgage rates

This afternoon, Bond Traders decided they hated mortgage bonds, sparking the largest sell-off in years.  Rates will likely be 0.75% to 1.0% higher tomorrow – certainly creating a pause in the refinance boom that has been going on.  Concerns of higher inflation, North Korea’s nuclear testing, government borrowing and higher consumer confidence all contributed to [...]

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When House Prices Hit Bottom

The headline you long to read is Home Prices Hit Bottom Today. Problem is, you can only see bottom in a rear-view mirror.  That’s right, you don’t know bottom until prices have gone up and stayed there.  Yes, it’s a buyer’s market, but sellers have needs that must be addressed.  In this video we’ll explore [...]

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Another Positive Housing Signal

The Number Of Homes Under Contract Increase The number of homes under contract to sell is rising, another signal that the housing market may be regaining its footing. As reported by an industry trade group, the Pending Home Sales Index gained 2 percent in February. The report measures MLS-listed homes in “pending” status — sold [...]

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