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Aug 18, 2010

Home refinancing demand at highest in 15 months

Category: General

Posted by: admin

U.S. mortgage applications leaped last week as rock-bottom interest rates lifted demand for home refinancing to its highest level in 15 months, a development that could portend stronger economic growth.

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Jul 1, 2010

Homebuyer tax credit extended, Again

Category: General

Posted by: admin

Will extension of the deadline to claim the homebuyer tax credit help honest people and tax cheats?

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May 15, 2010

Are mortgage rates going downward

Category: General

Posted by: admin

Lobbyist are pressuring the Treasury Department to prepare a plan to purchase current portfolios of mortgages from banks in hopes of lowering mortgages rates lower.

Last week, the Federal Reserve announced it would buy $500 billion in mortgage backed securities from Fannie Mae, Freddie Mac a Ginnie Mae. Response was immediate as mortgagerates dropped.

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