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According to Freddie Mac, fixed mortgage rates fell this week. The 30-year fixed rate mortgage averaged approximately 4.42%, down .02% from last week. The 15-year fixed rate mortgage also dropped, falling from 3.47% last week to 3.34% this week. Additionally, the...

According to the Mortgage Bankers Association, mortgage applications have increased from last week, jumping approximately 1%. Refinancing also increased, with the refinance index rising 2% from last week, averaging 65%. The 30-year, fixed-rate mortgage with a...

Foreclosure completions in the U.S. fell approximately one third from last year, averaging 48,000 in October according to CoreLogics National Foreclosure Report. As completed foreclosures decrease, experts and consumers are gaining higher confidence in the housing...

According to a report from the Commerce Department, new U.S. single-family home sales in October soared, jumping to a seasonally adjusted rate of 444,000, a 25.4% increase from earlier months and the highest rate seen since April 2013. The vice president of mortgage...

New research released from Boston College has found that 53% of Americans in 2010 were not prepared for retirement even when adding in their home equity. According to the National Retirement Risk Index, many seniors may be at risk for having a low success rate during...

According to the Commerce Department, U.S. construction spending in October reached the highest level seen in approximately 4 1/2 years. Public construction projects have helped level-out low spending on private projects with an average annual spending percentage of...

Consumer confidence is suffering as many are still wary from the financial crisis. Experts say that confidence in the economy is necessary in order for the housing market to continue to strengthen. Many consumers have cut back spending, lowering the percentage of home...

Home prices have dropped from this summer’s high according to the most recent Clear Capital Home Data Index, an index that compares past and present home prices. Prices fell .02% from last quarter averaging approximately 10.8% this quarter. Vice president of research...

According to recent data from the S&P/Case-Shiller Home Price Indices, home prices shot up at the fastest rate seen since early 2006. The data came as a surprise to many experts surpassing forecasted rates. Single-family homes in many metropolitan areas jumped...