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Archive for December, 2007

Home Prices Remain Fairly Stable as New Home Sales Drop

December 28, 2007 By: Mortgage News Daily - Mortgage Category: Mortgage News No Comments →

Sales of new single family houses dropped again in
November according to a joint report issued Friday by the U.S. Department
of Housing and Urban Development and the U.S. Census Bureau.

Only in the West region were sales up from the previous month and then
by a…

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Mortgage Rates Mixed While Applications Slow

December 27, 2007 By: Mortgage News Daily - Mortgage Category: Mortgage News No Comments →

Mortgage rates were up slightly during the pre-
holiday week ended December 20 according to the Primary Mortgage Market
Survey conducted by Freddie Mac.

The 30-year fixed rate mortgage (FRM) averaged 6.14 percent with 0.4
point for the week, up from 6.11 percent with 0.5 point the week before.
During the same week in 2006 the 30-year FRM carried an average interest
rate of 6.13 percent.

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Widely Regarded Housing Study Reports Further Home Price Declines

December 26, 2007 By: Mortgage News Daily - Mortgage Category: Housing Market No Comments →

The Standard & Poor’s/Case-Shiller home price index
for October, released on Wednesday, fell again for what is the 10th
consecutive month. The 6.7 percent drop from figures a year earlier was
the largest recorded by the index since April, 1991 when prices declined
6.3 percent.

Miami was the biggest loser in the broad index
with…

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ARM Freeze Yields Solution To All World Problems

December 21, 2007 By: Mortgage News Daily - Mortgage Category: Mortgage News No Comments →

The breakthrough came with the idea to freeze ARM
rates
so that borrowers will not be subjected to the terms of
the agreements that they voluntarily signed. Combine that innovative
thinking with the ongoing efforts to save Wall Street from its own
irresponsible actions.

Until we are willing to confront
our own financial irresponsibility
by facing the consequences
of…

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Foreclosure Filing Up 68 Percent Since November 2006 Per RealtyTrac

December 20, 2007 By: Mortgage News Daily - Mortgage Category: Mortgage News No Comments →

RealtyTrac, Inc., a company that tracks delinquencies and foreclosures was reporting Thursday that the number of foreclosure filings in November was 68 percent higher nationwide than those in November 2006.

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The trend of getting mortgage services is mounting day by day. But many people are always face problem to pay debt. So, a large number of online financial companies are providing debt management services. These companies are providing services through several professional financial analysts who know how to provide debt relief to their customers. These professional also have a very deep knowledge of finance and banking.

Mortgage Rates Rise While Application Activity Plummets

December 19, 2007 By: Mortgage News Daily - Mortgage Category: Home Buyers No Comments →

Mortgage
interest rates
took a jump upward during the week ended December 13
and December 14 according to information released by Freddie Mac and the
Mortgage Bankers Association respectively.

Mortgage applications activity was weak; the
seasonally adjusted measure of volume was…

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