Mortgage News Archive - August 2009
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"Walkable" Communities Said to Have Higher Property Values
August 31, 2009Communities with walkable neighborhoods command higher home prices than similar properties where a car is...
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Consumer Spending Up Slightly
August 28, 2009Consumer spending rose 0.2 percent in July, increasing for the third month in a row, although at a lower rate...
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Mortgage Rates Largely Unchanged This Week
August 27, 2009Mortgage rates remained essentially unchanged this past week, rising only by the smallest of margins,...
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New Home Sales Increase for Fourth Straight Month
August 26, 2009Sales of newly constructed single-family homes rose for the fourth month in a row in July, increasing almost...
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Home Prices Up Nearly 3 Percent in Second Quarter
August 25, 2009U.S. home prices rose nearly 3 percent in the second quarter of the year, the first quarterly gain in housing...
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Indianapolis Continues to Lead Nation in Housing Affordability
August 24, 2009Indianapolis continues to lead the nation in home affordability among major cities, with nearly 95 percent of...
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Home Sales Post Biggest Increase in 10 Years
August 21, 2009Sales of existing homes rose sharply in July, rising 7.2 percent in the biggest monthly increase in at least...
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Mortgage Rates Drop to Lowest Level in Three Months
August 20, 2009Average 30-year mortgage rates dropped to their lowest level in nearly three months this past week, falling...
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Homeowners Optimism Over Housing Prices Increases
August 19, 2009U.S. homeowners are increasingly optimistic about their future home values, even though they continue to...
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Single Family Construction Permits Rise
August 18, 2009Construction permits for single-family homes rose again in July, increasing 5.8 percent to an annualized rate...
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Pace of Mortgage Delinquencies Slows
August 17, 2009Mortgage loan delinquencies increased for the 10th straight quarter from April to June, hitting an all-time...
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More Home Sellers Reducing Asking Price
August 14, 2009One-quarter of all U.S. homes for sale have seen at least one price reduction since being listed, as more...
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Foreclosure Rate Sets New Monthly Record - Again
August 13, 2009The U.S. foreclosure rate rose 7 percent in July, and set a new record for the third time in five months,...
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Existing Home Sales Rise
August 12, 2009Sales of existing homes posted a modest gain in the second quarter of 2009, rising 3.8 percent to an annual...
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Productivity Posts Strongest Gain in Six Years
August 11, 2009U.S. productivity rose at an annual rate of 6.4 percent in the second quarter of the year, the biggest...
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Most Economists Say Recession is Ending
August 10, 2009Most economists believe the recession is either ending or has already ended, according to a leading survey of...
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Report Predicts Half of Mortgages Underwater by 2011
August 07, 2009Nearly half of U.S. homeowners with mortgages could soon end up owing more on their loans than their property...
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No Consistent Trend in Week's Mortgage Rates
August 06, 2009Mortgage rates once again posted a mixed performance this past week, with two of the major surveys reporting...
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Pending Homes Sales Up for Five Straight Months
August 05, 2009Pending home sales posted their fifth straight monthly increase in June, according to new figures from the...
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First Lender Loan Modification Rankings Issued
August 04, 2009The first "report card" on how well lenders are doing in modifying mortgage loans under the Making Home...
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Foreclosures, Delinquencies Exceed Loan Modifications
August 03, 2009Foreclosures and mortgage loan delinquencies are outpacing loan modifications, despite the Obama...
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